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Market Close: NZ stocks eke out small gain, FPH sold down
3 May, 2021 06:30 AM
4 minutes to read
NZ shares finished slightly stronger but FPH was sold down. Photo / File
New Zealand stocks eked out a slight gain despite a weaker finish on Wall Street on Friday, with selling in F&P Healthcare being the highlight of the day. The S&P/NZX 50 Index ended at 12,768.84, up 37.71 points or 0.30 per cent.
There were 85 gains and 47 falls among the 33.8 million shares (worth $127.6m) traded.
Market leader, respiratory products maker
F&P Healthcare fell by 60c or 1.7 per cent to $35.35, in sympathy with Australian-US competitor ResMed, which the market views as FPH s closest peer.
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