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MARKET CLOSE: NZ shares down, F&P Health and Pushpay drop in light trading

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12.01.2018

New Zealand shares dipped, led lower by Fisher & Paykel Healthcare and Pushpay Holdings, albeit in light volume as market participants return slowly.

The S&P/NZX50 Index dropped 8.09 points, or 0.1 percent, to 8,242.35. Within the index, 36 stocks fell, 10 rose and four were unchanged. Turnover was $89 million.

"Over the last few trading days we've seen some new capital come into the market, and a few people who have taken advantage of what has been a very strong market to take some profits," said Shane Solly, director, portfolio manager & research analyst at Harbour Asset Management. "We've had a bit of a meeting of the minds there, with........

© The National Business Review