MARKET CLOSE NZ shares rise, Ryman at record, Metlifecare gains

Mon, 07 Jan 2013

Jan. 7 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to a new five-year high as investors cheered Ryman Healthcare’s performance by pushing the retirement village operator to a record close. Rival Metlifecare also advanced. The NZX 50 rose 9.803 points, or 0.2 percent, to 4084.84, the highest since December 2007. Within the index, 28 stocks rose, 10 fell and 12 were unchanged. Turnover was $72 million. Ryman gained 2.4 percent to $4.77. The company is targeting 15 percent earnings growth this year and managing director S...

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