Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

A2 Corp to join top 50 index, toppling PGG Wrightson

A2 Corp to join top 50 index, toppling PGG Wrightson from benchmark

March 6 (BusinessDesk) - Alternative milk marketer A2 Corp is set to join the NZX 50 Index after qualifying in the February review, and will topple rural services firm PGG Wrightson from the benchmark bourse.

The change will come into effect from the open of trading on March 18, stock exchange operator NZX said in a statement. Shares in Wrightson rose 2.6 percent to 40 cents in trading today, while A2 was unchanged at 56 cents.

Wrightson is controlled by NYSE-listed Chinese agriculture firm Agria Corp, and has a market capitalisation of $301.9 million.

A2's cornerstone shareholders sold down their stakes in a capital raising last year, and has a market cap of $362 million.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

NZ's Space Programme: Rocket Lab Makes It To Space (But Not Orbit)

Electron lifted-off at 16:20 NZST from Rocket Lab Launch Complex 1 on the Mahia Peninsula in New Zealand. It was the first orbital-class rocket launched from from a private launch site in the world. More>>

ALSO:

Earlier:

Budget: Irrigate (Good Times, Come On!)

Additional grant funding of $26.7 million over the next three years plus a capital boost of $63 million towards irrigation investments in Budget 2017 will deliver economic and environmental benefits through better use of water... More>>

ALSO:

Silver Fern Farms: Proposal To Close Fairton Sheepmeat Plant

Silver Fern Farms has advised its people of the proposal to permanently close the site, and has discussed potential transfer options to its other sites in the region as part of the consultation process...
More>>

ALSO:

MPI: Myrtle Rust Appears In Taranaki

The nursery in Waitara (just north of New Plymouth) reported suspected myrtle rust symptoms on young plants to the Ministry’s 0800 number yesterday (Tuesday). More>>

ALSO: