NZ market starts to see pick-up in volume
The S&P/NZX 50 Index jumped 129.6 points, or 1.1%, to 11,677.93. Turnover was $116 million.
Medicinal cannabis company Cannasouth was down 4.1% to 35 cents. The company told the NZX today that its rights offer had closed with $1.5m raised and with over 5 million new shares being taken up by eligible shareholders.
Other cannabis stocks on the index had a better day. Rua Bioscience was up 3.6% to 29 cents on very light volume and Greenfern Industries shares were flat at 15 cents per share on light trading as well.
Yesterday, the global dairy trade (GDT) revealed that strong demand had driven an almost 5% increase to the index, the first time the index has risen in several consecutive auctions.
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