F&P Healthcare sucks life out of market
The S&P/NZX 50 Index fell 16.16 points, or 0.1%, to 12,748.07. Turnover was $298.4 million.
Respirator manufacturer, Fisher & Paykel Healthcare was responsible for the weaker index as it fell 3.5% to $31.80 while the majority of other stocks moved higher.
“Against a backdrop of little fresh news, there is a hint of better risk sentiment, as global equity markets stretch to fresh record highs,” said BNZ’s Jason Wong.
The NZ market, while still far below its highwater mark, mostly followed the international lead in the absence of any news ahead of earnings results which kick off next week.
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