
The Markets
Dairy stocks whacked on a2 Milk downgrade
Monday 10th of May 2021
The S&P/NZX 50 Index dropped 72.74 points, or 0.6%, to 12,659.01. Turnover across the broader market was $166.8 million, with 69 stocks of the 186 listed securities declining and 68 rising.
A2 led the benchmark index lower, falling 12.8% to $6.62, its lowest since October 2017. The milk marketing firm now expects annual sales of $1.2 billion-to-$1.25b in June year and has halved pro...
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