Synlait's share price has been rocketing and has now breached $1. Why?

Synlait's share price has been rocketing and has now breached $1. Why?
Synlait's Dunsandel plant makes product for shareholder a2 Milk. (Image: Synlait)
Rebecca Stevenson
Synlait’s rocketing share price is hard to reconcile, an analyst says. Synlait shares have risen steadily in February, but that momentum has picked up steam. On Tuesday morning, Synlait shares breached the $1 mark after starting the year at around 40 cents.Synlait shares rose more than 16.3% in early New Zealand Exchange (NZX) trading to $1.05 on Tuesday, with more than $380,000 worth of shares traded. That rise has perplexed some market watchers, including shareholders, who told BusinessDesk they were concerned the market was n...

More Primary Sector

New Image Group founder detained in Vietnam
Primary Sector

New Image Group founder detained in Vietnam

Graeme Clegg's detention is allegedly over a disputed court order.

Synlait Milk buttering up its farmers
Primary Sector

Synlait Milk buttering up its farmers

It is out to get as many farmers as possible to withdraw their cease notices by March 31.

‘Brand kānuka’ could be a unique NZ industry
Primary Sector

‘Brand kānuka’ could be a unique NZ industry

Kānuka properties differ from its better-known cousin mānuka.

Greg Hurrell 25 Mar 2025