Summerset shares were up 3.1 per cent at $9.70. Photo / NZMEAged-care provider Summerset Holdings led the market higher after reporting solid free cashflow in its full-year earnings out today. The company reported steady-state free cashflows of $236.5m once villages are sold down and a $14.7m cash outflow for 2022. The kiwi has held its strength against the Australian dollar as the yield gap between the two countries has widened and Australian wage data weakened. It was trading at 91.5 Australian cents, up from 91.3, while the trade-weighted average was at 71.12, up slightly from 71.09.
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