Synlait leads post election rally

Fri, 06 Nov 2020

Synlait Milk led the local share market higher in the third day of a post-US election global equity rally as investors celebrated having some uncertainty behind them. The S&P/NZX 50 Index rose 87.04 points, or 0.7 percent, to 12,337.02. Within the index, 36 stocks were up, eight fell and six were unchanged. Turnover was $131.8 million.Synlait Milk shares jumped 7.6 percent to $5.50 after the company said it had settled a dispute over land used at its Pokeno site and an announcement of a new deal with a multinational customer.Further de...

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