NZ shares rise as A2 recovers

The S&P/NZX50 Index rose by 54.62 points, or 0.5 percent, to 11284.22. Within the index, 18 stocks rose, 18 fell, and 14 were unchanged. Turnover was $167.2 million

A2 Milk bounced back from yesterday's decline when it fell as much as 7.7 percent after chief executive Jayne Hrdlicka unexpectedly resigned. The stock rose by 2.4 percent to $14.97 with 962,644 shares changing hands

“The surprise with the CEO leaving, it's never a good thing, but they’ve done well in terms of explaining the financial side of things and if you look through yesterday’s press releases I think at worst you would say it's a neutral result and actually it looks like a slight upgrade, said Forsyth Barr’s head of institutional broking David Price.

“The stock is recovering from the initial reeling,” he added.