NZ market makes small gain despite Synlait taking hit

NZ market makes small gain despite Synlait taking hit
Graham Skellern
Property stocks staged a recovery, Synlait Milk took another hit, falling more than 5%, and out of it, the New Zealand sharemarket managed a small gain.The S&P/NZX 50 Index rebounded in the afternoon and closed at 11,612.86, up 32.04 points or 0.28% after reaching a morning low of 11,564.55.There were 65 gainers and 68 decliners on the main board and trading was light with 27.62 million shares worth $88.57 million changing hands.The market was spirited along by renewed buying in the property stocks, with the All Real Estate sector easily to...

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