NZ sharemarket down almost 1% despite solid results – Market close

Graham SkellernBusinessDesk·17 Aug, 2026 06:22 AM5 mins to readA2 Milk was down 47c or 5.71% to $7.76 after reporting a 12.4% increase in operating revenue to $1.9b, and 5.8% decrease in underlying net profit to $207.4m for the 12 months ending June. Photo / thea2milkcompany.com Freightways and a2 Milk both produced solid annual results but they were marked down by a weaker New Zealand sharemarket for their cautious outlooks. The S&P/NZX 50 Index declined sharply at the opening, after Freightways and a2 Milk had reported, and then had another fall in the late brokers’ matching