The China news does seem like a plausible reason for the initial increase, because it's not only the economic stimulus but also quite targeted in a way that would potentially benefit A2M.A2 Milk Company Ltd (ASX: A2M)
The A2 Milk Company share price is up almost 9% to $6.24. This appears to have been driven by reports that China is planning further stimulus measures that will boost consumer spending. According to Reuters, sources claim that China is planning to issue special sovereign bonds worth about 2 trillion yuan (US$284.43 billion) this year as part of a fresh fiscal stimulus. It notes that the some of the "proceeds will also be used to provide a monthly allowance of about 800 yuan, or US$114, per child to all households with two or more children, excluding the first child." A2 Milk's shares have now been halted.
The China news does seem like a plausible reason for the initial...
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Last
$8.13 |
Change
0.180(2.26%) |
Mkt cap ! $5.886B | |||
| Open | High | Low | Value | Volume |
| $7.95 | $8.13 | $7.90 | $22.60M | 2.809M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $8.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.13 | 17174 | 4 |
View Market Depth
| Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
| A2M (ASX) Chart |