
The Markets
King Salmon shares jump out of the water
Friday 22nd of April 2022
The S&P/NZX 50 Index fell 45.5 points, or 0.4%, to 11,915.88. Turnover was $264 million, boosted by the rebalance of the S&P Global Clean Energy Index.
Fish farmers NZ King Salmon did not follow this trend and its share price exploded by more than 45% in relatively light trading.
The company is doing a renounceable rights offer – like Air NZ – and its shares...
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