The Markets

NZ shares climb as dairy stocks float amid flooding

Tuesday 1st of June 2021

The S&P/NZX 50 Index rose 140.96 points, or 1.1%, to 12,462.47. Within the index, 13 stocks fell, 26 rose and six were unchanged. Turnover was $172 million.

Synlait Milk led the market higher as it jumped 8% to $3.24. The milk processor said flooding had caused “significant damage” to several farms in its network, but no milk had been lost.

Days of heavy rain hav...

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