NZX takes a hit following A2 Milk result
This article was originally published on RNZ and re-published with permission.
The local sharemarket has taken an unexpected beating this morning driven by investor disappointment about the performance of the top stock - A2 Milk.
The benchmark NZX 50 Index fell more than 160 points, about 1.5 percent in the first hour of trading. It has since pegged back some lost ground but was just under 1 percent down at midday.