Synlait Milk and Mainfreight take hit as NZ sharemarket down

Synlait shares fell 7.69% to $0.60 on Wednesday. (Image: BusinessDesk)

Wed, 30 Jul 2025

The New Zealand sharemarket fell after shares in Synlait Milk and Mainfreight dropped on the back of downbeat market updates.On Wednesday, the S&P/NZX 50 Index closed down 0.62% or 80.44 points, falling to 12,855.97, after 31.1 million shares changed hands to the value of $122.12m.The S&P/NZX 20 index closed at 7537.53, down 0.67%, while the S&P/NZX 10 index ended the day at 12,600.15, falling 0.73%.There were 57 gainers on the main board and 76 decliners.The market reacted strongly to the news of manufacturing “challenges&rdq...

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