The MarketsFonterra units jump as investors wait for GDP data to dropNew Zealand’s market rose today – thanks to positive sentiment from Wall Street on Friday – while Fonterra Shareholders’ Fund units jumped for a second day on the back of the dairy co-op raising its earnings guidance last week. Fonterra Shareholders’ Fund units jumped 5.8% to $3.31. Infrastructure group Infratil had the most value traded today, with more than $10.5m traded. Pub owner Good Spirits Hospitality fell 9.4%, or 0.5 cents, to 4.8 cents by early evening – but on extremely light volume. The lender told shareholders on Friday afternoon that it plans to apply to delist from the main board of NZX and consolidate its listings on the ASX.

Source: Stuff September 12, 2022 18:04 UTC