MARKET CLOSE NZ shares rally; Metlifecare gains as overhang removed, Ryman at record

Mon, 21 Oct 2013

Oct. 21 (BusinessDesk) – New Zealand shares rallied, pushing the NZX 50 Index to a new record, after Metlifecare’s biggest shareholder said it would exit its stake, removing an overhang and helping sentiment for the retirement village sector. Ryman Healthcare rose to a record. The NZX 50 rose 43.966 points, or 0.9 percent, to 4802.557. Within the index, 37 stocks rose, four fell and nine were unchanged. Turnover was $133 million. Metlifecare jumped 7.8 percent to $3.60 after Australia’s Retirement Villages Group, the biggest shareholder, sai...

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