Synlait leads NZ shares higher

Fri, 04 Jun 2021

New Zealand shares edged upwards with the embattled Synlait Milk leading the market higher as it continues to recover from its lows.The S&P/NZX 50 Index rose 66.29 points, or 0.5%, to 12,496.27. Within the index, 22 stocks fell, 26 rose, and two were unchanged. Turnover was $173.4 million.Milk processor Synlait Milk rose 5.5% to $3.44 as investors saw value in the company’s deflated share price. A2 Milk was unchanged at $6.10, both are down more than 30% this year. Z Energy rose 2.7% to $2.65 today. Forsyth Barr analyst...

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