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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