NZ market down following Synlait profit downgrade

(Image: Supplied)

Wed, 26 Apr 2023

The New Zealand sharemarket was down sharply on the back of a slide on Wall Street and conflicting messages from beaten-up Synlait and a2 Milk on the latest profit downgrade.The S&P/NZX 50 Index fell at the opening and stayed low for the remainder of the day, closing at 11,934.98 – a decline of 91.41 points or 0.76. There were 40 gainers and 87 decliners over the whole market on a volume of 34.26 million shares worth $137.92m. Auckland International Airport, up 3c to $8.78, made up a quarter of the trading with $33.43m worth of s...

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