MARKET CLOSE: NZ shares rise as retirement stocks Metlifecare, Ryman back in favour

Fri, 14 Jul 2017

By Sophie Boot July 14 (BusinessDesk) - New Zealand shares rose, led by retirement stocks Metlifecare and Summerset Group Holdings, while NZX and Pushpay Holdings extended their gains. The S&P/NZX 50 Index jumped 38.88 points, or 0.5 percent, to 7,649.77. Within the index, 33 stocks rose, 10 fell and seven were unchanged. Turnover was $196 million. Retirement village operator Metlifecare was the best performer, rising 3.1 percent to $5.58 after a broker put out a positive research note on the stock, Williamson said. Fellow companies i...

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