MARKET CLOSE: NZX50 knocking on 10,000; retirement stocks Metlifecare, Summerset rally on ditched CGT

Wed, 17 Apr 2019

By Paul McBeth April 17 (BusinessDesk) - New Zealand shares hit a new record as retirement village operators including Summerset Group and Metlifecare rallied on the government's decision to ditch a capital gains tax. The S&P/NZX 50 Index rose 73.85 points, or 0.7 percent, to a record 9,982.24. Within the index, 32 stocks gained, eight fell, and 10 were unchanged. Turnover was $105.2 million. Retirement home developers were buoyed by Prime Minister Jacinda Ardern's decision to can a capital gains tax after failing to find common grou...

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