Fisher & Paykel Healthcare shares fall, dragging the NZX 50 lower

BusinessDesk2 Nov, 2026 05:32 AM5 mins to readKMD Brands surged after the company announced it has allowed US global brand management firm Bluestar Alliance to continue due diligence with the prospect of making a full takeover offer.Fisher & Paykel Healthcare dragged the New Zealand sharemarket down, while KMD Brands had a sharp rise after naming a preferred takeover bidder. The S&P/NZX 50 Index fell early after a weak day on Wall Street but recovered slightly later in the day, closing at 13,698.63, down 98.37 points or