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FPH - Fisher & Paykel Healthcare News Story

NZD33.3 -0.5  -1.5%

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

Australia shares slip as virus cases resurge in Europe; NZ lower

Mon 21st September, 2020 2:40am
* Australian gold index set for worst day since Sept. 11
    * COVID-19 cases in Victoria continue to fall
    * Healthcare sector helps benchmark limit losses

    Sept 21 (Reuters) - Australian shares fell slightly on
Monday, as a Wall Street decline in the previous session and
surging cases of COVID-19 in Europe pushed investors to look
past an improvement in the domestic coronavirus situation. 
    The S&P/ASX 200 index  .AXJO  slipped 0.2% to 5,852.10 by
0102 GMT. 
    Markets tracked a lower finish on Dow Jones Industrial
Average  .DJI , S&P 500  .SPX  and Nasdaq Composite  .IXIC  on
Friday, with sentiment further dented by resurgence of
infections in several European nations.  .N*:nL8N2GF3K6 
    This is despite the hot spot of Victoria reporting 11 new
cases on Monday, better than its three-month low milestone of 14
on Sunday. A steady fall in the daily numbers has put the state
on course to ease more curbs.*:nS9N2FL00N*:nL3N2GH011
    The Australian gold index  .AXGD  fell as much as 1.8% and
was set for its worst day since Sept. 11. Top losers were
Oceanagold Corp  OGC.AX , which tumbled as much as 6.6% to its
lowest since May 12, and Anglogold Ashanti  AGG.AX  down 5.7%. 
    The wider metals and mining index  .AXMM  fell as much as
0.7%, led by Red Ltd's  RED.AX  3% slide and Saracen Mineral's
 SAR.AX  drop of more than 2%.
    Helping limit the losses on the benchmark, the healthcare
sector  .AXHJ  climbed 1.6%, buoyed by Clinuvel Pharmaceuticals
 CUV.AX  and Sonic Healthcare  SHL.AX , up about 3% each.
    Citi raised FY21 earnings forecast for Sonic Healthcare on
the assumption of high volumes of COVID-19 testing in the United
States and Australia in the first half of 2021.*:nL3N2GH08T
    In New Zealand, the benchmark S&P/NZX 50 index  .NZ50  fell
0.49% to 11,576.7, its lowest since Aug. 17.
    The top percentage losers were Serko Ltd  SKO.NZ , down
4.63%, followed by Fisher & Paykel Healthcare Corporation Ltd
 FPH.NZ  that shed 3.47%.

 (Reporting by Nikhil Subba in Bengaluru; editing by Uttaresh.V)
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