Market Close: Second class suit stops A2 in its tracks

Thu, 21 Oct 2021

A2 Milk's shares dropped after reports of a second class action took the wind out of the firm’s sails in a largely flat market.The milk marketing firm posted the day’s biggest decline on the S&P/NZX 50 Index, down 2.6% at $7.48, having been on a tear in recent weeks as investors slowly regained confidence that China’s informal daigou channel was on the mend. Supplier Synlait Milk fell 0.5% to $3.80.A2 Milk noted reports that Shine Lawyers is investigating a potential class action against the firm, but hasn’t been...

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