Sharemarket drops 1.75% as Fisher & Paykel forecast weaker

Fisher & Paykel Healthcare's share price fell 4.45% to $35, down $1.63. (Image: NZME)

Wed, 28 May 2025

The New Zealand sharemarket dropped sharply on Wednesday after the NZX’s largest listed company, Fisher & Paykel Healthcare, reported a weaker-than-expected forecast.The S&P/NZX 50 Index closed down 1.75% or 220.074 points, falling to 12,362.26, with 42,962,847 shares changing hands to the value of $154.15 million.The S&P/NZX 20 index closed at 7,300.46, down 1.86%, while the S&P/NZX 10 index closed at 1,857.50, down 2.47%.There were 66 gainers on the main board and 73 decliners.Fisher & Paykel Healthcare, NZ’s b...

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