NZ shares fall as Ryman drops 7%

Prices fell as investors reacted to Ryman shares being dropped from the MSCI. (Image: Depositphotos)

Mon, 16 May 2022

New Zealand's main share index moved lower on Monday as Ryman Healthcare fell out of a key index, even as global markets had a bounce after recent weakness.The S&P/NZX 50 Index fell 10.5 points, or 0.1%, to 11,157.66. Turnover was $104 million.With more stocks up than down, the benchmark index may have risen today were it not for confirmation that Ryman Healthcare would be dropped from the MSCI Standard Index at the end of the month.Shares in the aged care provider dropped 7.8% to $8.66, with 9.9m shares changing hands as investors reac...

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