NZ shares fall on Auckland Airport guidance; F&P gives up gains

The S&P/NZX 50 Index fell 100.78 points, or 0.9 percent, to 11,350.27. Within the index, 30 stocks rose, 19 fell, and one was unchanged. Turnover was $163.4 million.

The benchmark started the second half of the year on a negative note as Fisher & Paykel Healthcare led the market lower, falling 4 percent to $34.19.

The stock had climbed almost 8 percent during the past two days following its record annual result as the pandemic spurred demand for its products. Its share price is up 54.6 percent this year.

“Following that blockbuster result we’ve seen some settling of their share price as enthusiasm wanes a little bit,” said Peter McIntyre, investment advisor at Craigs Investment Partners.