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FPH - Fisher & Paykel Healthcare News Story

NZD33.8 -0.1  -0.3%

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Sector
Healthcare
Size
Large Cap
Market Cap £10.03bn
Enterprise Value £10.01bn
Revenue £825.8m
Position in Universe 31st / 1911

Australia shares lifted by financial and material stocks; NZ down

Tue 21st November, 2017 6:00am
Nov 21 (Reuters) - Aussie shares edged up on Tuesday, helped 
by financial stocks and by resources shares, which were buoyed 
by a further jump in Chinese steel futures prices. 
    The S&P/ASX 200 index  .AXJO  rose 0.3 percent or 17.829 
points to 5,963.500. The benchmark fell 0.2 percent on Monday. 
    The Australian financial index  .AXFJ  rose 0.2 percent with 
Macquarie Group  MQG.AX  leading the gains, rising 1.06 percent. 
Australia's second largest lender Westpac Banking Corp  WBC.AX  
rose 0.3 percent. 
    The Reserve Bank of Australia released minutes of its 
November meeting which showed policymakers warned of 
"considerable uncertainty" about how quickly wages growth and 
inflation might pick up, thereby leaving the interest rates at 
record lows for more than a year.  urn:newsml:reuters.com:*:nRUAKMED09 
    The metals and mining index  .AXMM  rose 0.3 percent, with 
0.4 percent gains for both BHP  BHP.AX  and Rio Tinto Ltd. 
 RIO.AX  
    Chinese iron ore futures  DCIOcv1  continued rising on 
Tuesday, gaining 1.3 percent, despite stockpiles of the 
steelmaking commodity continuing to rise in China. IRONORE/   
    BHP shares were also helped after it and Vale SA  VALE5.SA  
announced a 150-day extension authorized by a Brazilian court to 
negotiate a settlement of a $48 billion claim stemming from the 
Samarco mine disaster in 2015.  urn:newsml:reuters.com:*:nL3N1NQ5KU 
    New Zealand's benchmark S&P/NZX 50 index  .NZ50  slipped 
0.02 percent or 10.32 points to 8,088.48. 
    Health care stocks weighed as Fisher & Paykel Healthcare 
 FPH.NZ  plunged 4.5 percent, dragging the index to its first 
loss in three sessions, despite posting a 4 percent and 8 
percent rise in half-year profit and revenue, respectively.  
    But consumer staples offset some of the losses as dairy farm 
operator A2 Milk  ATM.NZ  jumped 5.4 percent to a more than 
2-1/2 week high after it reported a 137.7 percent rise in its 
netprofit after tax in the four months to October.  urn:newsml:reuters.com:*:nFWN1NQ174 
    Rival Fonterra Co-Operative Group Ltd  FCG.NZ  rose 0.5 
percent after it said its milk production in New Zealand rose 3 
percent during the peak production month of October due to the 
return of favourable weather after a wet spring.  urn:newsml:reuters.com:*:nL3N1NR01D 
        
 
 (Reporting by Syed Saif Hussain Naqvi in Bengaluru; Editing by 
Kim Coghill) 
 ((Reuters Messaging: 
SyedSaifHussain.Naqvi.thomsonreuters.com@reuters.net)) 
 
Keywords: AUSTRALIA STOCKS/MORNING
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