MARKET CLOSE: NZ shares rise; F&P Healthcare jumps on modest earnings upgrade

Wed, 28 Aug 2019

By Paul McBeth Aug. 28 (BusinessDesk) - New Zealand shares rose, led higher by Fisher & Paykel Healthcare on a modest increase in forecast earnings. Port of Tauranga rose as record cargo volumes underpinned its profit gain. The S&P/NZX 50 Index advanced 113.01 points, or 1.1 percent, to 10,626.17. Within the index, 24 stocks rose, 23 fell, and three were unchanged. Turnover was $120.7 million. Salt Funds Management managing director Matt Goodson said a number of blue-chip stocks bounced back today from yesterday's MSCI index reweight...

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