Ryman tossed out of the MSCI; Macquarie says buy

Ryman tossed out of the MSCI; Macquarie says buy
Ryman chief executive Richard Umbers is said to have changed pricing strategy. (Photo: Ryman)
Jenny Ruth
As foreshadowed for a couple of months, Ryman Healthcare shares will fall out of the MSCI Standard Index after May 31.Forsyth Barr estimates that will mean about $232.3m worth of shares will be sold by index funds and other fund managers hugging the index.Ryman shares have already been badly beaten up, dropping as low as $8.23 on May 5 compared with $12.25 at the end of last year and a peak of $15.85 in March last year.Ironically, the shares rebounded after the announcement early Friday, jumping 14 cents, or 1.5%, to $9.39.Perhaps coincidentall...

More Infrastructure

Port of Tauranga ‘reluctantly’ doubles MetroPort rail fees
Primary Sector

Port of Tauranga ‘reluctantly’ doubles MetroPort rail fees

The port says it's working with KiwiRail on 'long-term arrangements'. 

Oliver Lewis 04 Jul 2025
‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades
Policy

‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades

Two of the biggest NZ ports are raising prices as they plan major investments.

Oliver Lewis 02 Jul 2025
Cost of Ōtaki to north of Levin highway nears $2b
Infrastructure

Cost of Ōtaki to north of Levin highway nears $2b

In 2020, the lower North Island expressway was costed at just $817m.

Oliver Lewis 01 Jul 2025
The keys to unlocking Northport's land value
Infrastructure

The keys to unlocking Northport's land value

MMH's land is valued at five times less than its next-door neighbour, Channel.

Ian Llewellyn 30 Jun 2025