Pacific Edge up 6%; while index dips

Investors showed huge amounts of enthusiasm for Pacific Edge's capital raise (Image: supplied)

Fri, 24 Sep 2021

Shares in Pacific Edge surged after it raised $80 million in an oversubscribed placement but the NZX's benchmark equity index fell as its biggest stock, Fisher & Paykel Healthcare, took a 3.1% tumble.The S&P/NZX 50 Index ultimately fell 46 points, or 0.4%, to 12,259.55 despite a majority of stocks climbing in value. Turnover was $180 million.Global market sentiment was positive overnight with equities making broad gains, commodity prices climbing and the US dollar weakening.In New Zealand, shares in Pacific Edge jumped 6.1% to $1.56...

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