A2 climbs as short sellers scared off

Thu, 14 Oct 2021

A2 Milk led the New Zealand share market higher for a second day after a positive earnings report from a competitor scared short-sellers into closing their positions. The S&P/NZX 50 Index rose 23 points, or 0.2%, to 13,048.5. Turnover was $181 million. Shares in infant formula exporter A2 climbed another 4.6% to $7.22 today, extending a rally from yesterday when the stock surged 12%. A trading update from a smaller competitor yesterday reported an improvement to the all-important daigou channel which has been closed down dur...

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