Retirement village stocks show signs of life

(Image: Getty)

Wed, 17 May 2023

Retirement stocks have found a new lease of life and Serko surged on a better-than-expected annual result but the New Zealand sharemarket remained subdued.The S&P/NZX 50 Index closed 5.78 points or 0.05% ahead at 11,951.66 after reaching an intraday low of 11,898.96.There were 52 gainers and 69 decliners on the main board, and on another light trading day 23.86 million shares worth $86.96 million changed hands.Paul Robertshawe, chief investment officer with Octagon Asset Management, said: “We are ramping into the reporting season and...

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