NZ sharemarket gets a boost from Fonterra's positive news

There was strong trading, with 57.78 million shares worth $183.52m changing hands. (Image: Getty)

Wed, 25 Sep 2024

Dairy co-operative giant Fonterra gave the New Zealand sharemarket, and the economy, some heart with a strong annual financial result that included an increased dividend.The S&P/NZX 50 Index settled at 12,224.53, down 79.46 points or 0.65%, after reaching an intraday high of 12,356.31.There was again strong trading, with 57.78 million shares worth $183.52m changing hands.Fonterra Shareholders’ Fund was one of the leading gainers, rising 19c or 4.19% to $4.72 after the dairy co-operative reported revenue of $22.82 billion, down 7%, and...

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