Shares in The Warehouse closed down 4.3 per cent at $3.49, compared with the $3.26 each the Foodstuffs stake sold for, said Hamilton Hindin Greene director Grant Williamson. “It’s lost a bit of ground, that’s to be expected, it’s still trading above the bookbuild placement price.
RICKY WILSON/Stuff “The people that participated in that will be looking alright at this stage.” Shares in retirement village operator Ryman Healthcare were down 5.26 per cent at $13.15, their lowest point in eight months. On Friday the company reported a 60 per cent jump in annual profit to $423.1 million, with record sales in the second half of the year.
The shares have slid dramatically in the past year, having traded above $21 in August.
LAWRENCE SMITH/Stuff
A nearly 13 per cent slide in a2 Milk weighed heavily on the New Zealand sharemarket on Monday. A2 Milk said on Monday it expects revenue of between $1.2 billion and $1.25b in the year to the end of June, down from its $1.4b forecast in February, and $1.73b last year, as the Covid-19 pandemic disrupts sales of its a2 milk products, including infant formula, to China. Border closures and trade disruptions meant fewer tourists and international students shipped its products to China, known as the daigou trade.
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“There’s been a fair selloff in electricity stocks.” Following months of volatile trading, Meridian Energy and Contact Energy jumped on Friday ahead of a much-anticipated selldown by overseas exchange traded funds that track a major global clean energy index created by Standard & Poor’s.
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The New Zealand sharemarket followed Wall Street lower on Tuesday. However, on Tuesday, Meridian was down 2.3 per cent at $5.75, and Contact fell 3.2 per cent to $7.50, both of them continuing to dominate turnover. Smaller energy stock Mercury also took a hit, down 2.2 per cent at $6.66. Top stock Fisher & Paykel Healthcare was down 1 per cent at $33.50.
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