Please see attached Market Update in relation to the Rights Issue
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Markets
Market Close
NZ sharemarket up 0.4% after a2 Milk surge
The S&P/NZX 50 Index closed at 12,266.25, gaining 57.2 points or 0.47%.
Markets
Goldman Sachs downgrades Fletcher Building to sell
Goldman Sach analysts have a 12-month target price of A$2.85 ($3.14).
Primary Sector
Rayonier exits NZ with $1.2b forestry sale
An investment firm bought the stake, which included 116,145 hectares of forestry.
