Aussie investors spot value in A2 Milk

The S&P/NZX 50 Index rose 137.71 points, or 1.1%, to 12,656.42. Within the index, 27 stocks fell, 18 rose and five were unchanged. Turnover was $190.8 million.

The index’s biggest stock, Fisher & Paykel Healthcare, drove much of the headline gain as the volatile stock jumped 3.8% to $33.39, also driven by buying from Australian investors.

A2 Milk had the day’s more significant change as its shares climbed 3.7% to $8.89, with more than 1 million shares changing hands. The stock is up more than 6% in the past week.

Brokerage and advisory firm, Bell Potter today said daigou trade channels are showing signs of life after being effectively shut down during the pandemic.