Mainfreight surges to $83

The S&P/NZX 50 Index jumped 133.5 points, or 1.1%, to 12,728.85. Turnover was $144 million.

Ryman Healthcare told shareholders at its annual general meeting this morning that the June quarter had been its best on record with cash receipts up 82% at $403m.

The retirement village operator also announced it had purchased a 13th site in Melbourne. Ryman has five villages operating in Victoria and has started building at two other sites.

Peter McIntyre, an adviser at Craigs Investment Partners, said the solid result had given the share price a boost. Shares in the company climbed 3.9% to $12.95 today, having fallen more than 3% across the past three sessions.