Market Close: NZX 50 falls as F&P Healthcare slips

Mon, 08 Nov 2021

New Zealand shares were mixed on Monday with more stocks climbing than falling, however, declines from some of the largest listed companies dragged the benchmark index lower.The S&P/NZX 50 fell 33.31 points, or 0.3%, to 13,041.30. Turnover was $125 million.Fisher & Paykel Healthcare – which alone comprises 13% of the benchmark – had a particularly significant impact as it fell 2.6% to $31.60, after climbing 4% last week.Forsyth Barr gives the stock a target price of $32 per share and expects a sharp drop in revenue in the ma...

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