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FPH - Fisher & Paykel Healthcare News Story

NZD33.51 -0.4  -1.2%

Last Trade - 3:50am

Sector
Healthcare
Size
Large Cap
Market Cap £10.17bn
Enterprise Value £10.14bn
Revenue £834.4m
Position in Universe 30th / 1907

Australia shares edge lower; NZ down slightly

Mon 4th December, 2017 6:22am
(Updates to close) 
    Dec 4 (Reuters) - Australian shares eased marginally on 
Monday, as financial stocks weakened. 
    The S&P/ASX 200 index  .AXJO  ended down 0.07 percent or 
4.156 points to 5986.600 at the close of trade. The benchmark 
rose 0.3 percent on Friday.  
    The financial index  .AXFJ  was down 0.6 percent with the 
'Big Four' banks sliding between 0.3 percent and 1.2 percent. 
    The Australian government last week said it will hold a 
wide-ranging inquiry into a scandal-hit finance sector, arguing 
one was needed to restore public confidence as it reversed its 
long-held opposition amid mounting political pressure. 
 urn:newsml:reuters.com:*:nL3N1NZ69K 
    Real estate and consumer discretionary stocks were the next 
biggest losers on the main index, with Lendlease Group  LLC.AX  
falling 1.4 percent and G8 Education Ltd  GEM.AX  plunging more 
than 23 percent after the childcare centre operator lowered its 
earnings forecast for the 2017 financial year. 
    Meanwhile, Shanghai steel futures traded near their 
strongest level since mid-September on Friday while three-month 
LME copper  CMCU3  rose 1.1 percent, boosting building material 
stocks, which gained about 1 percent.  
    Sector heavyweights BHP  BHP.AX  and Rio Tinto  RIO.AX  
added 1.6 percent and 1.2 percent, respectively. 
    Rio signalled on Monday it will stick with its "value over 
volume" strategy, outlining further moves to boost shareholder 
returns and appointing a new chairman from within its board. 
 urn:newsml:reuters.com:*:nL3N1O30ET 
    In New Zealand, the benchmark S&P/NZX 50 index  .NZ50  fell 
0.05 percent or 3.96 points to 8184.870. 
    Healthcare stocks were the biggest drag on the index with 
Fisher & Paykel Healthcare Corp Ltd  FPH.NZ  slipping over a 
percent.  
    Building firm Fletcher Building  FBU.NZ  lost about a 
percent.  
($1 = 1.3167 Australian dollars) 
 
 (Reporting by Christina Martin in Bengaluru; Editing by Simon 
Cameron-Moore) 
 ((christina.martin@thomsonreuters.com ; +91-80-6749-9182; 
Reuters Messaging: 
christina.martin.thomsonreuters.com@reuters.net)) 
  
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