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

Mon, 11 Nov 2019

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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