Shares flat and dollar higher as dairy prices boom

Wed, 03 Mar 2021

New Zealand's main share index was flat and the kiwi dollar edged higher after milk powder prices hit record highs overnight.The S&P/NZX 50 Index rose 14.77 points, or 0.1%, to 12,345.9. Within the index, 21 stocks fell, 24 rose, and five were unchanged. Turnover was $150 million.Grant Williamson, a director at Hamilton Hindin Greene, said it was a disappointing outcome after opening stronger and with the Aussie market up 0.8%. The biggest news was in the commodities market, where milk powder prices soared 21% in the overnight Glo...

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