MARKET CLOSE: NZ shares drop below 10,000
Tuesday, 4 June 2019, 9:02 pm
MARKET CLOSE: NZ shares drop below 10,000; A2 slumps on
By Paul McBeth
June 4 (BusinessDesk) - The
S&P/NZX 50 Index closed below 10,000 for the first time in
almost a month, as A2 Milk slumped almost 11 percent on
fears that China's plans to develop its domestic infant
formula market may weigh on the milk marketing firm.
NZX50 dropped 166.06 points, or 1.6 percent, to 9,951.93.
Within the index, 30 stocks fell, 16 rose, and four were
unchanged. Turnover was $143.3 million, of which A2
accounted for $38.5 million.