PremiumGraham SkellernBusinessDesk·7 Jul, 2026 06:23 AM5 mins to readA2 Milk reached an intraday high of $9.77 but ended up falling 16c or 1.71% to $9.19 after telling the market its revenue for the 2026 financial year would increase more than 12% to about $1.97 billion and net profit would be slightly up on the previous year. Photo / thea2milkcompany.com The New Zealand sharemarket was flat on lighter trading ahead of the much-anticipated Reserve Bank decision on the path of the official cash rate.
The S&P/NZX 50 Index dropped at lunchtime after the Australian and Japanese markets opened weaker, and closed almost even at 13,762.79 – down just 0.3 points.
