NZ sharemarket closes on sour note from Synlait Milk

Synlait Milk had bad news for the sharemarket. (Image: NZME)

Fri, 22 Dec 2023

The New Zealand sharemarket closed for Christmas on a flat note with Synlait Milk and Move Logistics providing gloomy trading updates.The S&P/NZX 50 Index finished at 11,634.43, up 6.44 points or 0.06% in the half-day trading session.As expected, turnover was light with 12.25 million shares worth $33.99m changing hands, and there were 75 gainers and 47 decliners on the main board.Shane Solly, portfolio manager with Harbour Asset Management, said Father Christmas didn’t quite deliver the presents, despite a solid recovery in the United...

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