NZ shares rise; F&P Healthcare gains for 3rd day
The S&P/NZX 50 Index increased 18.74 points, or 0.2 percent, to 11,045.34. Within the index, 23 stocks rose, 18 fell, and nine were unchanged. Turnover was $163.8 million.
F&P Healthcare rose for a third day, up 2.6 percent at $18.79 on a volume of 1.3 million shares, more than its 90-day average of 545,000. The breathing mask regulator hit a record $19.05, adding to yesterday's rally when it said profit would rise by as much as 26.8 percent in the March 2020 year. Its Viterra mask received US approval earlier than expected.
"They're pretty much a world-leader, and it's particularly good for a New Zealand company to be doing so well in that space, especially in the large American market," said Grant Williamson, a director at Hamilton Hindin Greene.
"The market is really liking that stock and the buying continues to push that price up."
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