NZ sharemarket gets wake-up prod thanks to Fisher & Paykel

Fisher & Paykel Healthcare's increased earnings forecasts breathed life into the market. (Image: Supplied)

Fri, 22 Mar 2024

An earnings upgrade from heavyweight Fisher & Paykel Healthcare powered the New Zealand sharemarket to its highest close in nearly eight months, and a hot Wall Street continued to set new records.The S&P/NZX 50 Index traded strongly following an early-morning rise and finished at 11,978.62, up 62.91 points or 0.53% after reaching an intraday high of 12,002.47.The index was last at this peak on Aug 1 last year with 11,980.41 points. It gained 1.8% this week and is up the same amount for the year to date.There were 75 gainers and 55 decli...

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