Fisher & Paykel Healthcare logo

FPH - Fisher & Paykel Healthcare News Story

NZD33.39 1.2  3.8%

Last Trade - 5:59am

Sector
Healthcare
Size
Large Cap
Market Cap £9.50bn
Enterprise Value £9.48bn
Revenue £822.0m
Position in Universe 29th / 1896

Australia shares fall on COVID-19 vaccine production halt, post sixth weekly jump

Fri 11th December, 2020 5:36am
* Australia halts production of COVID-19 vaccine
    * CSL sees worst day in over 3 months 
    * Benchmark posts sixth straight weekly gain

 (Updates to close)
    By Shruti Sonal
    Dec 11 (Reuters) - Australian shares ended lower on Friday
as healthcare stocks dragged after the production of a homegrown
COVID-19 vaccine was abruptly cancelled, but posted a sixth
straight weekly jump.
    The S&P/ASX 200 index  .AXJO  fell 0.6% to close at 6,642.6,
after slipping as much as 0.8% during the session. It had ended
0.7% lower on Thursday.
    The production of COVID-19 vaccine being developed by
University of Queensland (UQ) and biotech giant CSL  CSL.AX  was
halted after trials showed it could interfere with HIV diagnosis
 urn:newsml:reuters.com:*:nL4N2IR10A
    CSL shares declined more than 3% in their worst day since
Sept. 4, while peers Cochlear Ltd  COH.AX , Healius Ltd  HLS.AX 
and Resmed Inc  RMD.AX  shed between 2.8% and 3.9%.
    On the other hand, energy  .AXEJ  and gold sub-sectors
 .AXGD  gained on strength in commodity prices. 
    Oil and gas stocks saw their best day in over two weeks as
crude prices rose 1%, extending a sharp rally overnight that saw
Brent rise above $50 for the first time since March.  O/R 
    Heavyweights Woodside Petroleum Ltd  WPL.AX , Santos Ltd
 STO.AX  and Beach Energy Ltd  BPT.AX  gained between 2.3% and
4.8%.
    Miners  .AXMM  hit a fresh high since April 2011, after
benchmark iron ore futures on China's Dalian Commodity Exchange
soared nearly 10% to break above 1,000 yuan ($152.95) per tonne
for the first time.  IRONORE/ 
    Rio Tinto Ltd  RIO.AX  and BHP Group Ltd  BHP.AX  both hit
their highest since May 2008.
    Nickel and gold miner IGO Ltd  IGO.AX  saw its best day
since September 2003 on deal to buy a stake in Tianqi Lithium
Corp's  002466.SZ  Greenbushes mine after returning to trade for
the first time since Monday.  urn:newsml:reuters.com:*:nL4N2IR0OA
    Across the Tasman Sea, the New Zealand's benchmark S&P/NZX
50 index  .NZ50  rose 0.5% to finish the session at 12,860.37.
For the week, it ended 0.5% higher.
    The top percentage gainers were Fisher & Paykel Healthcare
Corporation Ltd  FPH.NZ , up 4.5%, followed by Tourism Holdings
Ltd  THL.NZ  gaining 3.2%.

 (Reporting by Shruti Sonal in Bengaluru; Editing by Rashmi
Aich)
 ((Shruti.Sonal@thomsonreuters.com; Twitter: @shrutisonal26))
 
((For more information on DIARIES & DATA:
 U.S. earnings diary   RESF/US   
 Wall Street Week Ahead    .N/O 
 Global Economy Week Ahead  DATA/ 
................................................................
For latest top breaking news across all markets           NEWS1 ))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.