Shares tumble as Synlait pulls guidance
New Zealand shares took a dive as milk processor Synlait pulled its earnings guidance and interest rates moved higher.
MORE»Shares flat and dollar higher as dairy prices boom
New Zealand's main share index was flat and the kiwi dollar edged higher after milk powder prices hit record highs overnight.
MORE»A2 drives share market recovery
A2 Milk Company led the share market’s recovery today after rising interest rates triggered a widespread selloff during February.
MORE»NZ shares bounce after dire February
New Zealand investors started the week on a generally positive note as earnings season wound to a close and Vista Group International reported a strong cash position despite the pandemic.
MORE»NZ shares snap six-day decline
Many New Zealand shares bounced back from a six-day slump as investors began to see bargains in the depressed prices with the benchmark equity index down more than 7% this year.
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