A2 sends NZX 50 to 4-month low

Thu, 25 Feb 2021

NZ's main share index dropped to a four-month low as A2 Milk plunged another 15% after lowering its full-year earnings guidance for the third time. The S&P/NZX 50 Index fell 141 points, or 1.2%, to 12,140.66. Within the index, 23 stocks fell, 25 rose and two were unchanged. Turnover was $184 million.Former-market darling A2 Milk was responsible for the bulk of the index’s decline, with investors trading more than $56m worth of stock. “A2 has tipped us into correction territory today, we’re more than 10% off...

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