MARKET CLOSE: NZ shares surge; A2, Fisher & Paykel lead gains

Wed, 17 Jun 2020

The New Zealand share market posted its biggest gain since March, boosted by gains by A2 Milk and Fisher & Paykel Healthcare. The S&P/NZX 50 Index jumped 380.46 points, or 3.5 percent, to 11,334.31. Within the index, 36 stocks rose, seven fell, and seven were unchanged. Turnover was $157.8 million. The benchmark had an unexpected surge today as investors in Australia rushed to buy Kiwi milk producer A2 Milk ahead of its inclusion in the ASX 50 index. The move, announced on Friday, will see A2 take the place of embattled financial services...

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