NZ shares surrender yesterday’s gain

Fri, 30 Jul 2021

New Zealand shares gave back all of Thursday’s bounce in a broad-based selloff that was avoided by only a handful of stocks. The S&P/NZX 50 Index fell 134.33 points, or 1.1%, to 12,594.52. Turnover was $245 million.Almost every stock in the index declined today as investors walked back the more than 1% bounce yesterday after a string of positive market updates got sentiment up.Leading the fall was A2 Milk, down another 4.6% at $6.22 today, having enjoyed a brief reprieve from sustained selling yesterday. The stock is now down mor...

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