NZX 50 putters out; Infratil, F&P Healthcare drive weekly gain

(Image: Getty)

Fri, 06 Sep 2024

New Zealand shares petered out ahead of US employment data seen as central to the Federal Reserve’s upcoming rate cuts, as Infratil and Fisher & Paykel Healthcare's lofty heights underpinned the weekly gain. The S&P/NZX 50 Index declined 63.16 points, or 0.5%, to 12,651.51, to end the week up 1.3%. Across the main board, 86 stocks fell, 50 rose, and 43 were unchanged. Turnover was $111.8 million, with eight companies trading on volumes of more than a million shares. Stock markets across Asia were mixed ahead of US no...

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