MARKET CLOSE: NZ shares gain as F&P Healthcare gets strong lead from rivals

Fri, 31 Jan 2020

New Zealand shares ended the week on an upbeat note after stock markets were knocked around by the global outbreak of coronavirus. A weaker kiwi dollar buoyed exporters such as Fisher & Paykel Healthcare. The S&P/NZX 50 Index rose 51.8 points, or 0.4 percent, to 11,717.44. Within the index, 28 stocks rose, 17 fell and five were unchanged. Turnover was $218.1 million. Shane Solly, a portfolio manager at Harbour Asset Management, said it was a challenging week for markets as uncertainty around coronavirus has caused investors to step back ...

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