A2 Milk ends 11-day share market rally

Wed, 18 Nov 2020

New Zealand’s benchmark equity index snapped an 11-day rally, falling from yesterday’s record close of 12,765 following negative market updates from A2 Milk, Serko and Napier Port. The S&P/NZX 50 Index fell 159.07 points, or 1.3 percent, to 12,605.96. Within the index, 33 stocks fell, 13 rose and four were unchanged. Turnover was $196.3 million.BNZ’s Jason Wong said the market was trying to balance the positive medium-term outlook as vaccines are slowly rolled out, against short-term headwinds as the virus surges acro...

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