NZ shares snap decline as F&P Healthcare surges on upbeat outlook

Spark was the most heavily traded stock on the day. (Image: NZME)

Fri, 23 Aug 2024

New Zealand shares snapped a four-day decline as Fisher & Paykel Healthcare propelled the benchmark index higher, signalling strong first-half earnings growth and overshadowing slumps for Fletcher Building and Spark NZ. The S&P/NZX 50 Index climbed 60.64 points, or 0.5%, to 12,529.99, paring its loss for the week to 1.6%. Across the main board, 58 stocks rose, 71 fell, and 50 were unchanged. Turnover was $117.5 million, with F&P Healthcare accounting for $24.1m, while nine stocks traded on volumes of more than a million shares....

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