The Markets

Ryman Healthcare leads market lower

Friday 19th of November 2021

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 it...

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