MARKET CLOSE: NZ shares gain as F&P has solid first half

Wed, 27 Nov 2019

NZ shares rose as Fisher & Paykel Healthcare gained, cracking $12 billion in market value after lifting first-half profit. Fisher & Paykel, which raised its annual earnings outlook in October, was up by 1.6 percent to $21.10 after it said first-half earnings were up 24 percent. Hamilton Hindin Greene advisor Grant Williamson said the result was “strong” although not unexpected. “That result was pretty much flagged, so not too much of a surprise, which shows in the small price increase we saw today,” he added. The S&P/NZX50 50 I...

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