Ryman Healthcare leads market lower

Fri, 19 Nov 2021

New Zealand shares finished the week on a weak note with Ryman Healthcare leading the market lower after reporting half-year earnings. The S&P/NZX 50 Index fell 60 points or 0.5% to 12740.12. Turnover was $123 million. Retirement village developer Ryman Healthcare dropped 4.8% to $12.99 in the day’s biggest fall having reported first-half underlying profit up 8.5%.The company’s high debt levels are causing concern for investors and analysts who see the stock as overvalued compared to some of its peers. Fellow reti...

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