Merry Christmas for the local stock market

Thu, 24 Dec 2020

New Zealand's main share index rose for a third day in a short Christmas Eve trading session, with A2 Milk continuing its recovery as it finalised terms to buy Mataura Valley Milk.The S&P/NZX 50 Index advanced 17.73 points, or 0.1 percent, to 13,037.94. Within the index, 24 stocks rose, 17 fell and nine were unchanged. Turnover was $113.6 million in a half-day of trading.A2 Milk rose 1.4 percent to $12.06, extending its recent recovery, after the milk marketing firm agreed terms to buy three-quarters of Mataura Valley Milk for $268.5 mi...

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