NZ sharemarket rises for second session in a row, as Synlait reaches new record low

The NZ sharemarket was a tale of two dairy processors on Tuesday. (Image: Getty)

Tue, 04 Jun 2024

The New Zealand sharemarket took a moderate approach after the big rise last Friday as intrigue surrounded debt-laden Synlait Milk’s next moves including a capital raise.The S&P/NZX 50 Index had a steady afternoon after falling to a morning low of 11,754.73 and closed at 11,880.54, up 13.25 points or 0.11%.There were 79 gainers and 63 decliners over the whole market on volumes of 37.79 million share transactions worth $181.59m.Ebos Group dominated the trading with $38.3m worth of shares changing hands after rebounding from its MSCI La...

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