New Zealand based dairy and infant formula producer The A2 Milk Company Ltd [ASX:A2M] has seen its share price slump 2.91% this morning, shedding $0.46 to trade at $15.49. A2 milk's share price has made hefty gains since the beginning of the second half of the current financial year.
The major infant food and formula producers on the ASX have fallen again this week, with a2 Milk Company share price, as well as Bellamy’s Australia and Clover Corporation all facing increased market pressure.
Shares of A2 Milk Company Ltd [ASX:A2M] have been steadily climbing higher over the last month, upon recent news the company had established two new senior roles. A2 Milk have announced the roles of Chief Commercial Officer and Chief Technical Officer, aimed at improving strategic and technical capabilities. A2 Milk’s share price is currently trading at $11.78.
The share price of AuMake International Ltd [ASX:AU8] rose immediately upon opening this morning. AuMake announced that it has signed an exclusive strategic agreement with JD Worldwide, to cooperate, explore and lead industry development in Australia and New Zealand.
At time of writing, the share price of The A2 Milk Company Ltd [ASX:A2M] is up 4.71%, trading at $9.79. This comes as news broke that Chinese regulators would not be placing any additional restrictions on its trade in the country. Of particular interest is its baby formula, which now has a 5.6% market share in China.
The A2 Milk Company Ltd [ASX:A2M] share price has soared this morning up by 7.86% to $9.74, a gain for $0.71 within the first half of trading. The jump comes on the back of a steady increase yesterday of 1.5%, much to shareholders relief.
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At time of writing, shares of the a2 Milk Company ASX:[A2M] are down 3.45% to $10.91. This marks one of the sharpest downturns for the stock in the last three months.
A2 Milk Company’s [ASX:A2M] share price rose nearly 5% upon opening this morning, on news that A2 has extended its supply agreement with Synlait Milk Ltd [ASX:SM1].
Let’s look at the large blue chips. These are usually companies with a market cap of $10 billion and over. Some typical blue chips are BHP Billiton Limited [ASX:BHP] and Commonwealth Bank of Australia [ASX:CBA]. BHP has a market cap of $156 billion and CBA has a market cap of $139 billion.