NZ shares rise; A2 Milk slumps

Fri, 23 Apr 2021

New Zealand shares rose despite A2 Milk dropping to a three-year low as more analysts lost faith in its earnings guidance. The S&P/NZX 50 Index rose 73.16 points, or 0.6%, to 12,650.64. Within the index, 27 stocks rose, 17 fell and six were unchanged. Turnover was $198.5 million.Offshore equity markets were lower overnight after reports that US president Joe Biden will propose to almost double the US capital gains tax on wealthy individuals. Local investors ignored the negative offshore lead and most stocks on the NZ index rose, l...

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