Large growth stocks pull NZ market higher

The S&P/NZX 50 index rose 39.5 points, or 0.3%, to 11,920.41. Turnover was $114.2 million.

Hamilton Hindin Greene’s Grant Davies said the index’s main movers today were healthcare distributor Fisher & Paykel Healthcare (FPH) and logistics company Mainfreight.

“It's the large growth stocks that are getting the buying pressure today, and Fisher & Paykel Healthcare in particular is continuing to get a good recent run,” he said.

FPH was up 2.3% to $25.32, and Mainfreight rose 2.4% to $71.65. Mainfreight’s competitor Freightways was also up 2% to $10.