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

Kiwifruit record: Zespri achieves $5b sales milestone
Primary Sector

Kiwifruit record: Zespri achieves $5b sales milestone

Zespri sold a record 220.9 million trays of kiwifruit in 2024-25.

Staff reporters 22 May 2025
Record gold prices boon for scrap buyers
Primary Sector

Record gold prices boon for scrap buyers

New Zealanders are looking for money to be made in their jewellery drawers.

Gregor Thompson 22 May 2025
Wine sector has harvest windfall, faces pricing pressures
Primary Sector

Wine sector has harvest windfall, faces pricing pressures

The harvest jumped as much as 39% compared with the prior season. 

Rebecca Howard 21 May 2025
Cold storage behemoth plans massive Canterbury facility
Primary Sector

Cold storage behemoth plans massive Canterbury facility

Lineage had the biggest IPO on the Nasdaq last year.

Oliver Lewis 21 May 2025