MARKET CLOSE: NZ shares gain on Metlifecare result; Summerset rises, Ryman, Fletcher fall

Mon, 27 Feb 2017

By Jonathan Underhill Feb. 27 (BusinessDesk) - New Zealand shares rose after Metlifecare posted a 31 percent jump in first-half profit and said people were queuing up to enter its retirement villages. Summerset Group also rose while Ryman Healthcare and Fletcher Building fell. The S&P/NZX50 Index gained 20.61 points, or 0.3 percent, to 7,079.19. Within the index, 21 stocks gained, 20 fell and nine were unchanged. Turnover was $95.6 million. Metlifecare rose 4.5 percent to $5.85 after reporting stronger first-half profit that was aided...

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