Retirement stocks fall on housing policy

Wed, 24 Mar 2021

New Zealand's main share index slipped as retirement stocks fell on the risk of lower house prices and Oceania Healthcare completing an $80 million capital raise.The S&P/NZX 50 Index fell 35.46 points, or 0.3%, to 12,358.88. Within the index, 32 stocks fell, 13 rose, and 5 were unchanged. Turnover was $183m.Oceania Healthcare dropped 4.3% to $1.33 after it completed the first phase of its $100m capital raise to fund the purchase of an existing retirement village and new land for development. Shares were sold in the offer at $1.30.The ag...

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