NZ shares gain as F&P Healthcare at record on weak kiwi, Air NZ fuel costs drop

Tue, 09 Dec 2014

By Jonathan Underhill Dec. 9 (BusinessDesk) - New Zealand shares rose as the declining kiwi dollar boosted companies that get their revenue in US dollars, such as Fisher & Paykel Healthcare, and Air New Zealand gained as crude oil at a five-year low held out the prospect of lower fuel costs. The NZX 50 Index rose 13.611 points, or 0.3 percent, to 5542.933. Within the index, 24 stocks rose, 22 fell and four were unchanged. Turnover was $130.9 million. F&P Healthcare, which makes respirators and gets almost half its sales in US dollars,...

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