NZ market focused on aged-care stocks

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Fri, 24 Feb 2023

Aged-care provider Summerset Holdings led the market higher after reporting solid free cashflow in its full-year earnings out today.The S&P/NZX 50 Index rose 17.3 points, or 0.15%, to 11,905.75. Turnover was $160 million.Hamilton Hindin Greene investment adviser Jeremy Sullivan said Summerset was a “very solid” result and showed there was plenty going on within the aged-care sector.“Some good development margins and figures and the stock has performed well today,” he told BusinessDesk.The retirement village operator...

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