NZ sharemarket down 1.7%, investors want in on Ryman

Ryman Healthcare’s announced it will seek $1 billion from investors to help balance its books. (Image: Michael Craig)

Mon, 24 Feb 2025

News of Ryman Healthcare’s $1 billion equity raise precipitated investors to sell other stocks so they could take part. The S&P/NZX 50 Index closed at 12,531.72, down 220.865 points or 1.73% on Monday. Across the whole market, there were 39 gainers and 99 decliners, with 35.7 million shares worth $153.8m changing hands. Since earnings season got into full swing on Monday last week, the index has fallen 4.1%.Peter Sigley, director of institutional sales at Forsyth Barr, said while the headline figures look gloomy, it’s...

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