A2 sends NZX 50 to 4-month low

Dan Brunskill
Thu, 25 Feb 2021

Dan Brunskill
Thu, 25 Feb 2021
NZ's main share index dropped to a four-month low as A2 Milk plunged another 15% after lowering its full-year earnings guidance for the third time. The S&P/NZX 50 Index fell 141 points, or 1.2%, to 12,140.66. Within the index, 23 stocks fell, 25 rose and two were unchanged. Turnover was $184 million.Former-market darling A2 Milk was responsible for the bulk of the index’s decline, with investors trading more than $56m worth of stock.  “A2 has tipped us into correction territory today, we’re more than 10% off...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Energy
Climate change: some bans banned as energy policy evolves
Ian Llewellyn | Tue, 17 May 2022

The Emissions Reduction Plan shows the evolution in the government's thinking on energy policy.

Technology
$20m for SaaS and innovation in the Budget
Ben Moore | Tue, 17 May 2022

A first look at where the digital economy will benefit from government investment.

Charities FREE
Charities regulator more guide dog than watchdog
Oliver Lewis | Tue, 17 May 2022

Regulator opts more for education than enforcement. 

Sponsored
Grow your business by taking time to plan

Getting business fundamentals right gives the best chance at beating the unplannable.

Partner content
More fuel storage needed now

Boosting fuel reserves could prevent social & economic disruption.