A2 Milk leads NZ shares lower

Tue, 27 Apr 2021

New Zealand shares fell as A2 Milk dropped to its lowest price in almost four years as more institutional investors cut their losses.The S&P/NZX 50 Index fell 30.12 points, or 0.2%, to 12,620.52. Within the index, 24 stocks fell, 23 rose, and three were unchanged. Turnover was $168.7 million.The infant formula exporter A2 Milk Company led the index lower as it fell another 5.6% to $7.46 today. The stock was last below $7.50 in April 2017.Today’s fall might have been prompted by a significant shareholder notice which showed Mitsubishi...

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