NZ shares edge higher as A2 Milk bounces

Fri, 21 May 2021

The New Zealand market closed marginally higher as A2 Milk Company came roaring back from the depths of despair with a 6% bounce. The S&P/NZX 50 Index rose 22.44 points, or 0.2%, to 12,459.61. Within the index, 24 stocks fell, 36 rose. Milk marketing firm A2 led the index higher as investors rushed to buy the stock after it appeared to find buyers at $5.50 per share yesterday. The stock leapt 6.5% to $6.03 during trading today.“A2 really picked up steam as the Aussie market opened up,” said Peter McIntyre, an investmen...

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