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Sharemarket gains; Retirement village Summerset hits record high

“It’s been a very good performing stock,” Williamson said. “It’s had seven years in a row of positive gains, so it has done well.” The positive sentiment flowed through to fellow retirement village operator Ryman Healthcare, which gained 1.6 per cent to $13.30. “Maybe investors are thinking that if Summerset is doing so well, then Ryman must be doing not too bad as well,” Williamson said. Supplied Summerset s Ellerslie retirement village in Auckland. The benchmark index was pulled higher by a lift in the biggest stocks on the market. Meridian Energy gained 3.5 per cent to $5.40 while Fisher & Paykel Healthcare rose 1 per cent to $30.30.

A2 Milk closes above $7 again, S&P/NZX50 inches up 4 points

Top stock Fisher & Paykel Healthcare closed down 0.5 per cent at $29.98. In contrast, A2 Milk jumped 2.7 per cent to $7.63, its fifth consecutive close above $7 on the back of buyer interest. LAWRENCE SMITH/Stuff A mixed performance on Thursday resulted in a last-minute, four-point gain on the NZX. The company said on Wednesday it had received the all clear from the Overseas Investment Commission to take a 75 per cent stake in Southland dairy producer Mataura Valley Milk, a deal which would take effect from the end of this month. Telco Spark rose 2 per cent to $4.91. “It’s viewed as a defensive yield stock, investors are quite interested in that at the moment,” Williamson said.

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