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

Mon, 30 Mar 2020

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...

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