MARKET CLOSE: NZ shares extend gains; Metlifecare knocks back takeover bid

MARKET CLOSE: NZ shares extend gains; Metlifecare knocks back takeover bid
Paul McBeth
New Zealand shares extended their gains in what’s shaping up to a record year, with Metlifecare gaining after knocking back a takeover bid at considered too low. The S&P/NZX 50 Index advanced 151.05 points, or 1.3 percent, to a record 11,480.61. Within the index, 37 stocks rose, 10 fell and three were unchanged. Turnover was $170.5 million. Metlifecare increased 2 percent to $6.12 on a volume of 606,000 shares, more than twice its 90-day average of 258,000. The retirement village operator said its suitor lobbed in an indicative takeover b...

More Markets

F&P Healthcare drop leads NZX lower, rural stocks show strength
Markets Market Close

F&P Healthcare drop leads NZX lower, rural stocks show strength

Rural services group PGG Wrightson rose 14c or 6.9% to $2.17. 

Jamie Gray 11 Jul 2025
Tait won’t up its offer for Vital ‘under any circumstances’
Markets

Tait won’t up its offer for Vital ‘under any circumstances’

Suitor says offer is ‘at the maximum’ of its assessment of target’s value.

Rebecca Howard 11 Jul 2025
Lights, camera, cashflow: Forsyth Barr upgrades Vista
Markets

Lights, camera, cashflow: Forsyth Barr upgrades Vista

Analysts also lifted their 12-month target price by 5% to $4.30.

Rebecca Howard 11 Jul 2025
Vital holder slams takeover valuation report
Markets

Vital holder slams takeover valuation report

Matt Goodson says the Grant Samuel report was ‘particularly uninformative’. 

Gregor Thompson 11 Jul 2025