Synlait’s cautious recovery pleases market

Synlait shares continue to climb. (Image: Supplied)

Mon, 27 Jan 2025

A recovering Synlait Milk continued to climb on a quiet day on the New Zealand sharemarket when the top half of the North Island was on holiday for Auckland’s Anniversary.After a down-day on Wall Street, the S&P/NZX 50 Index slid from the opening but perked up mid-afternoon to close at 12,999.72, down 24.98 points or 0.19%. The index reached an intraday low of 12,937.35.Just 17.99 million shares worth $41.69 million changed hands. Jeremy Sullivan, investment adviser with Hamilton Hindin Greene, said “with our largest city on hol...

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