NZ shares fall as nervy investors wait on RBNZ

Fisher & Paykel Healthcare led the market lower for a second day. (Image: Supplied)

Thu, 12 Aug 2021

New Zealand shares generally declined as investors prepared themselves for earnings results and a monetary policy statement from the Reserve Bank of New Zealand next week.The S&P/NZX 50 Index fell 66.26 points, or 0.5%, to 12,681.81. Turnover was $255 million.Fisher & Paykel Healthcare led the market lower for a second day, as the index’s biggest stock fell another 2.8% to $30.90. The stock has fallen more than 6% this week but is still trading in its normal range, albeit near a one month low.Head of research at Fat Prophets,...

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