MARKET CLOSE: NZ shares fall as A2 CEO’s shock exit weighs on stock

Mon, 09 Dec 2019

New Zealand shares fell, led by A2 Milk after the milk marketing company’s chief executive unexpectedly left the company, effective immediately. The S&P/NZX 50 Index dropped 46.61 points, or 0.4 percent, to 11,229.59. Within the index, 29 stocks fell, 17 rose, and four were unchanged. Turnover was $164.5 million. A2 Milk fell as much as 7.7 percent, ending the day down 3.6 percent at $14.62 on a volume of 3.5 million shares. Chief executive Jayne Hrdlicka announced her exit from the firm after almost a year and a half, citing too much tra...

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