NZX50 drops below 10,000 as it catches up with Australian decline

Tue, 04 Jun 2019

By Paul McBeth June 4 (BusinessDesk) - The S&P/NZX 50 Index dropped below the 10,000 for the first time in almost a month, as the local market caught up with Australia's slide yesterday. The NZX50 sank 169.77 points, or 1.7 percent, to 9,948.22 at 1.30pm, on turnover of about $55.6 million. Of the top 50 stocks, 29 fell, 15 rose and six were unchanged. A2 Milk led the market lower, sliding to a two-month, and was recently down 9.7 percent at $14.27. Synlait Milk, which supplies A2, fell 3.8 percent to $8.53. "We are playing catc...

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