MARKET CLOSE: NZ shares gain, retirement villages buoyed by Auckland housing market bounce

MARKET CLOSE: NZ shares gain, retirement villages buoyed by Auckland housing market bounce
Paul McBeth
New Zealand shares gained, led by Summerset Group, as retirement village operators extended their gains following signs of a recovery in the Auckland property market. Abano Healthcare jumped on a takeover bid.  The S&P/NZX 50 Index advanced 42.81 points, or 0.4 percent, to 10,919.79. Within the index, 26 stocks rose, 20 fell, and four were unchanged. Turnover was $109.5 million.  Summerset Group led the market higher, up 4.1 percent at $7.14 on a volume of just 99,000 shares, about a third of its 90-day average of 302,000. The retirement...

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