Markets Market close

A2 leads market lower for a second day

Paul McBeth
Tue, 11 May 2021

A2 leads market lower for a second day
Paul McBeth
Tue, 11 May 2021
A2 Milk led the local stock market lower for a second day as the milk marketing firm’s woes continued to drag down agricultural companies.The S&P/NZX 50 Index fell 19.82 points, or 0.2% to 12,639.19. Across the wider market, 111 of the 186 listed securities fell, and 30 rose. Market turnover was $188.6 million.A2 Milk dropped 6.5% to $6.19 on a brisk volume of 3.3 million shares, extending its decline after the firm warned revenue will be even lower than previously expected and profit margins skinnier. The downgrade comes ahead of a r...

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