MARKET CLOSE: NZ shares rise as exporters F&P Healthcare, A2 enjoy weak kiwi

MARKET CLOSE: NZ shares rise as exporters F&P Healthcare, A2 enjoy weak kiwi
Dan Brunskill
New Zealand shares were dragged higher as a weaker kiwi dollar lifted the value of export earnings for heavyweights Fisher & Paykel Healthcare and A2 Milk Co.  The S&P/NZX50 rose 104.46 points, or 1.1 percent, to 9,661.19. Within the index, 27 stocks fell, 20 rose and three were unchanged. Turnover was $170.6 million. The local market joined Australia's rally, where the S&P/ASX 200 Index was up 3.5 percent in late trading, with healthcare stocks driving the Australian market.  Grant Davies, an investment adviser at Hamilton Hindin Gree...

More Markets

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025
Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025
Forsyth Barr shifts Turners Automotive to neutral
Markets

Forsyth Barr shifts Turners Automotive to neutral

The company has delivered five consecutive years of record earnings.

Rebecca Howard 04 Jul 2025
Vital board backs Tait takeover
Markets

Vital board backs Tait takeover

Vital’s board has unanimously recommended that shareholders and option holders accept a full takeover offer from Tait Communications, despite their view that it undervalues the company.In May, Vital shares rallied after it disclosed that Tait, a Christchurch-based critical commun...

Gregor Thompson 04 Jul 2025