A2 Corp to join top 50 index, toppling PGG Wrightson from benchmark
The change will come into effect from the open of trading on March 18.
Hot Topic
SCIENCE
Alternative milk marketer A2 Corp is set to join the NZX 50 index after qualifying in the February review and will topple rural services firm PGG Wrightson from the benchmark bourse.
The change will come into effect from the open of trading on March 18, stock exchange operator NZX says in a statement. Shares in Wrightson rose 2.6 percent to 40 cents in trading today, while A2 was unchanged at 56 cents.
Wrightson is controlled by NYSE-listed Chinese agriculture firm Agria Corp and has a market capitalisation of $301.9 million.
A2's cornerstone shareholders sold down their stakes in a capital raising last year and the company has a market cap of $362 million.
(BusinessDesk)
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
A2 Corp to join top 50 index, toppling PGG Wrightson from benchmark
27830