NZX50 dips slightly as investors react to Fonterra

Fri, 07 May 2021

New Zealand’s main share index dipped slightly as investors continued to shun market heavyweights and decided Fonterra’s planned change to its capital structure will not work for them.The S&P/NZX 50 Index fell 40 points, or 0.17%, to 12,729.92. Market turnover was $125m with 63 stocks rising and 69 declining.The biggest fall of the day came with investors passing their judgment on what Fonterra’s capital restructuring plans meant for them. Following a two-day trading halt, Fonterra's Shareholders’ Fund unit price...

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