F&P Healthcare has been the best performer on the NZX50 this year, up 72 per cent. It fell 4.2 per cent to $22.17 today on a volume of 1.2 million shares, almost twice its 90-day average of 703,000 shares. That was the day's biggest decline.
Among the year's other top performers, Port of Tauranga increased 1.9 per cent to $7.70, Ryman Healthcare was unchanged at $16 with 1.2 million shares traded, and Restaurant Brands New Zealand was unchanged at $12.30.
Solly said low interest rates have been the key catalyst for capital markets this year, and while that may persist into 2020, he expects to see a broader range of outcomes among companies.
Kiwi Property Group was the most traded stock on a volume of 5 million shares. It fell 3.9 per cent to $1.495, taking its gain so far this year to 11.7 per cent.
Sky Network Television led the market higher, up 5.7 per cent at 74 cents, on a volume of 4.1 million shares. The stock has been beaten up by investors this year as they remain sceptical the pay-TV operator can adapt to the new online media environment.
Metlifecare rose 4.3 per cent to $6.38 on a volume of 1.2 million shares. It rallied yesterday after the board rejected an indicative takeover bid at $6.50 a share, saying internal valuations put the price at more than $8. It has also attracted two other potential suitors.
Meridian Energy was up 3.9 per cent at $5.02 on a volume of 2.9 million shares. The government released consultation papers yesterday about the emissions trading scheme that proposed lifting the current fixed price option and introducing floor and cap prices.
Mercury NZ was up 2.4 per cent at $5.03, Genesis Energy increased 1.9 per cent to $7.70 and Contact Energy was unchanged at $7.15 on a volume of 2.7 million.
Spark New Zealand increased 0.2 per cent to $4.1 on a volume of 3.4 million shares, Goodman Property Trust was up 0.5 per cent at $2.19 with 2.7 million units traded, Fletcher Building decreased 0.8 per cent to $5.23 on a volume of 2.2 million and Gentrack dropped 2.6 per cent to $3.70 with 2.2 million shares traded.
Of other stocks trading on volumes of more than a million shares, Auckland International Airport increased 1.2 per cent to $9.10, Air New Zealand was up 3 per cent at $3.05, Kathmandu Holdings rose 2.4 per cent to $3.38, Argosy Property increased 2.2 per cent to $1.38 and A2 Milk was down 1 per cent at $15.34.