Exceprt from NZ Herald Trading report for yesterday
Index heavyweight A2 Milk bounced back after being sold down 3.6 per cent yesterday, gaining 2.2 per cent to $12.57 today.
"A lot of money in Australia has chased A2" but now the "hot" money is chasing other bets, Porteous says.
"We actually think it looks better – the new CEO (Jayne) Hrdlicka seems very good," he says.
A2 is relying less on the daigou – or greymarket trade in which buyers purchase A2's infant formula in Australia and New Zealand for sale in China – as it develops its own sales.
"In the long term, it's a more solid proposition," says James Porteous, a broker at Craigs Investment Partners.
Media Updates, page-3277
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Last
$6.88 |
Change
0.000(0.00%) |
Mkt cap ! $4.973B | |||
| Open | High | Low | Value | Volume |
| $6.90 | $6.90 | $6.80 | $7.266M | 1.060M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12501 | $6.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.88 | 33092 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |