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

MARKET CLOSE: NZ shares surge; A2, Fisher & Paykel lead gains
Dan Brunskill
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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NZ sharemarket ends week down 0.8%
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The S&P/NZX 50 Index closed at 13,024.7, down 35.38 points or 0.27%.

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Being AI filed defamation proceedings against Clare Capital and its directors in April.

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Akaroa King Salmon boss steps down after 23 years
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Scotsman Stewart Hawthorn takes over from Duncan Bates as Akaroa King Salmon CEO.

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Blair Turnbull named CEO of Milford Asset Management
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Blair Turnbull named CEO of Milford Asset Management

Blair Turnbull is set to take the helm as chief executive of Milford Asset Management from March 12.Turnbull, currently CEO of Tower, replaces Mark Ryland. “As we welcome Blair to Milford, we extend our appreciation to Mark Ryland, who will step down as CEO on Blair’s commencemen...

Staff reporters 24 Jan 2025