MARKET CLOSE: NZ shares weaken as A2, property stocks drop, while Synlait gains on fresh milk plans

Wed, 20 Dec 2017

By Sophie Boot Dec. 20 (BusinessDesk) - New Zealand shares fell, led lower by A2 Milk even as Synlait Milk gained, while Kiwi Property Group and Goodman Property declined. The S&P/NZX50 Index dropped 17.64 points, or 0.2 percent, to 8,383.56. Within the index23 stocks fell, 15 rose and 12 were unchanged. Turnover was $134 million. A2 Milk Co led the index lower, down 2.6 percent to $7.94, while Synlait Milk was the best performer, up 4.8 percent to $7. Synlait today announced it will enter the fresh milk market in early 2019 by partner...

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