Finance

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NZ shares fall on Ryman result and strong currency

Dan Brunskill
Fri, 20 Nov 2020

New Zealand's main share index fell as Ryman Healthcare’s weak half-year result took some heat out of the retirement village sector, while the soaring kiwi dollar put pressure on exporters. The S&P/NZX 50 Index fell 115.32 points, or 0.9 percent, to 12,441.81. Within the index, 26 stocks fell, 19 rose and five were unchanged. Turnover was $150.1 million.Retirement village operator Oceania Healthcare led the market lower, falling 3.7 percent to $1.30, but the real culprit for the weakness in the sector was Ryman Healthcare who...

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