A2 Milk shares at risk if it loses MSCI spot

A2 Milk shares at risk if it loses MSCI spot
Rebecca Howard
A2 Milk, which dropped 12.8% to $6.62 yesterday, could be in for an even rougher ride if it falls out of the MSCI New Zealand index.   The MSCI NZ Index is designed to measure the performance of the large and mid-cap segments of the local stock market. It covers approximately 85% of the free float-adjusted market capitalisation in NZ.It currently includes Fisher & Paykel Healthcare, Auckland International Airport, Spark NZ, Meridian Energy, A2 Milk, Ryman Healthcare, and Mercury NZ, according to the latest data from MSCI.However,...

More Markets

Smart CEO Anna Scott resigns
Markets

Smart CEO Anna Scott resigns

Anna Scott will take up her new role on October 1.

Fonterra’s NZ milk collections hit five-year high
Primary Sector

Fonterra’s NZ milk collections hit five-year high

The increased production comes as forecast milk prices point to record levels.

Retailers say unseasonable weather compounded woes
Retail

Retailers say unseasonable weather compounded woes

The Warehouse Group and KMD Brands have both downgraded guidance in recent weeks.