NZX 50 jumps 1% as dairy stocks rally

Dan Brunskill
Tue, 04 May 2021

Dan Brunskill
Tue, 04 May 2021
A2 Milk and Synlait led the New Zealand share market higher as the two embattled dairy stocks mounted a small recovery after hitting four-year lows.The S&P/NZX 50 Index rose 143.35 points, or 1.1%, to 12,912.19. Within the index, nine stocks fell, 29 rose and 12 were unchanged. Infant formula exporter A2 Milk was the index’s best performer today, surging 3.4% to $7.99. Even so, the stock is still trading at prices last seen in 2018 after having fallen almost 40% this year.  The exporter was reliant on informal cross border r...

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