NZ shares gain on A2 Milk broker endorsement

Fri, 02 Jul 2021

New Zealand shares gained half a percent across the week, with A2 Milk driving a positive finish with a key executive appointment and a bullish broker recommendation. The S&P/NZX 50 Index rose 28.21 points, or 0.2%, to 12,711.84 today. Turnover was $181 million.One of the index’s most watched stocks, A2 Milk Company, led the gains today with a 5.7% leap to $7.01 as the infant formula exporter slowly recovers from a four-year low. The company has appointed a former Danone executive as chief marketing officer. This is a key r...

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