Ryman Healthcare jumps 7% after difficult week

Devon Funds head of retail Greg Smith said that markets had rallied over the past two days following the release of the minutes from the last Federal Reserve meeting. 

Smith said the meeting had shown that officials were open to “easing the pace” of rate hikes in the coming months as inflation moderates.

Today, the S&P/NZX 50 Index rose 60.9 points, or 0.54%, to 11,382.56. Turnover on the main board was a very light $90.4 million.

Aged care provider Ryman Healthcare has been having a bumpy time on the market this week after it revealed its first-half results last Friday.