MARKET CLOSE: Synlait, Restaurant Brands hit fresh highs while A2 Milk drops on profit-taking

Fri, 29 Sep 2017

By Sophie Boot Sept. 29 (BusinessDesk) - New Zealand shares gained, led by Synlait Milk and Restaurant Brands that each hit record highs while A2 Milk was the worst performer as investors took profits from the stock's meteoric gains. The S&P/NZX50 Index gained 16.78 points, or 0.2 percent, to 7,930.4. Within the index, 29 stocks rose, 12 fell and nine were unchanged. Turnover was $227 million. Synlait Milk was the best performer for the second day in a row, up 6.1 percent to a record $6.63. Yesterday, Synlait announced it has received...

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