NZ sharemarket falls despite positive Fonterra result

NZ sharemarket falls despite positive Fonterra result
Fonterra’s total revenue jumped by 15%, but its net profit fell by 4.3%. (Image: Supplied)
Tom Raynel
The New Zealand sharemarket was down on Thursday, driven largely by Fisher & Paykel Healthcare and a2 Milk, but the full-year result released by Fonterra was also a focus for investors.The S&P/NZX 50 Index closed down 0.21% or 27.52 points, falling to 13,153.79 after 33.4 million shares worth $143m traded.The S&P/NZX 20 index closed at 7,579.04 points, down 0.09%, while the S&P/NZX 10 index ended the day at 12,640.38, falling 0.52%.There were 75 gainers and 56 decliners on the main board.Fonterra the headlineHamilton Hindin Gree...

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