Blue-chip stocks knocked by growing inflation concerns

Paul McBeth
Wed, 12 May 2021

Paul McBeth
Wed, 12 May 2021
The malaise hitting global stock markets over potential inflation pressures weighed on New Zealand firms, with a slew of blue-chip stocks off the boil today.The S&P/NZX 50 Index fell 75.85 points, or 0.6% to 12,564.21. Across the wider market, 96 stocks of the 186 listed securities fell and 52 rose. Turnover on the NZX main board was $204 million.The local market has been on the back foot in recent days due largely to A2 Milk’s latest earnings downgrade. The milk marketing firm appeared to find a base today, up 0.2% at $6.20.Stocks ac...

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