NZ sharemarket down, Synlait reaches new all-time low

Synlait Milk, which listed in July 2013, fell 5c or 6.67% to 70c. (Image: NZME)

Tue, 02 Apr 2024

The New Zealand sharemarket had a down day following the Easter break, with Synlait Milk reaching a new all-time low after posting a nearly $100 million half-year net loss. The S&P/NZX 50 Index fell at the opening after a mixed day on Wall Street and recovered gamely in the afternoon to close at 12,095.85, down 9.44 points or 0.08%.There were 85 gainers and 62 decliners over the whole market on volumes of 25.99m share transactions worth $99.48m.Matt Goodson, managing director of Salt Funds Management, said there were some interesting m...

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