NZ sharemarket responds positively to earnings

(Image: Getty)

Mon, 17 Feb 2025

Global marketer a2 Milk exceeded half-year earnings forecasts, produced its first-ever dividend and led the New Zealand sharemarket to a gain of more than 0.6%.The S&P/NZX 50 Index broke through the 13,000 mark in the morning, had a dip at lunchtime and traded strongly in the afternoon to close at 13,068.93, up 79.75 points or 0.61% after reaching a low of 12,985.95.Volumes were strong, with 35.93 million share transactions worth $143.07m.'Worked hard'a2 Milk, with a cash pile of $1.014 billion, surged $1.28 or 19.45% to $7.86 on tr...

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