![]() ![]() Re-registration under the new legislation is in process. Synlait milk announced that a2 Milk's China-label infant milk formula, produced by Synlait, registration has been renewed until the new food safety legislation takes effect in February 2023. Rounding out the top movers was dairying company a2 Milk, rising 2.9 per cent, now up 7.9 per cent year to date. Retail company The Warehouse Group also performed positively, lifting 3.9 per cent, now up 7.8 per cent year to date. The fund will release its full year 2022 earnings results on 22 September. Managed investment scheme Fonterra Shareholders' Fund was the top performer of the index yesterday, improving 5.8 per cent. The market reacted positively to the government's announcement to scrap the Covid-19 Protection Framework in yesterday's afternoon session. The NZX 50 was in the green, advancing 0.4 per cent to 11,813.2 points. The US 10-Year Treasury rate rose two basis points to 3.337 per cent, whilst the 30-Year rate increased three basis points to 3.485 per cent. The cryptocurrency market was mixed, with Bitcoin having increased 2.9 per cent and Ethereum down 3.0 per cent. Gold also performed well, up 0.7 per cent to US1,740.6 per ounce. WTI Crude Oil traded 1.5 per cent higher to US$88.1 per barrel. The Shanghai Composite increased 0.8 per cent, the Nikkei rose 1.2 per cent and the Hang Seng was up 2.7 per cent. ![]() European markets closed in the green, with the FTSE, the DAX and the CAC all up 1.7, 2.4 and 2.0 per cent.Īsian markets were also in the green overnight. ![]()
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