A2 drives share market recovery

Tue, 02 Mar 2021

A2 Milk Company led the share market’s recovery today after rising interest rates triggered a widespread selloff during February. The S&P/NZX 50 Index rose 42.68 points, or 0.4%, to 12,344.49. Within the index, 27 stocks rose, 17 fell, and six were unchanged. Turnover was $170 million.It was the second day of gains for the benchmark index which dropped almost 10% during February as bond yields suddenly rose dramatically. Today, the yield on a 10-year government bond held around 1.7% having climbed above 2% last week. &l...

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