F&P Healthcare drags market down with lower half-year profit expected
The S&P/NZX 50 index fell 129.5 points, or 1.1%, to 11,684.81. Turnover on the main board was $110.1 million.
Fisher & Paykel Healthcare now expects operating revenue to be $670m in the six months ending Sept 30, versus $900m in the same period a year earlier.
The company’s shares fell 9.6% to $19.11 after the company’s announcement this morning, but made up some lost ground through the day and were down 6.2% to $19.85 by early evening.
Stock market operator NZX Limited shares jumped 3.1% to $1.35 after its management discussed the recent Kiwi Wealth sale on an analyst call on Friday morning.
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