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MARKET WRAP: NZ shares rise as F&P Healthcare shares hit record high

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14.06.2018

New Zealand shares gained slightly today off the back of a record high for the share price of Fisher & Paykel Healthcare.

The NZX50 index rose just 0.87 points to 8,978.18, on turnover of $197 million.

First NZ Capital wealth management advisor Johnny Cochrane says Fisher & Paykel Healthcare and Air New Zealand led the market into the green.

Air New Zealand was the biggest mover, gaining 2.4% to $3.20.

Mr Cochrane says the company had an investor day in Auckland at which it reaffirmed its positive full-year 2018 outlook.

“Despite the rising price of jet fuel, it expects its full-year 2018 earnings to exceed last year,” he says.

Fisher & Paykel Healthcare had a day to remember, as its shares hit........

© The National Business Review