NZX 50 falls as investors get ready for summer

Fri, 04 Dec 2020

New Zealand's main stock index and the kiwi dollar edged lower as investors began positioning themselves for the quiet summer period.The S&P/NZX 50 Index fell 17.53 points, or 0.1 percent, to 12,631.38. Within the index, 30 stocks rose, 15 fell and five were unchanged. Turnover was $153.2 million.Fisher & Paykel Healthcare continued to lead the market lower, dropping 4 percent to $32.30, as the strong currency and promising vaccine outlook weighed down the medical device exporter. Sam Trethewey, a portfolio manager at Milford A...

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