Shares of Saputo Inc. SAP, 0.09% inched 0.59% higher to C$33.95 Thursday, in what proved to be an otherwise all-around down trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE, -0.45% falling 0.44% to 20,602.10. The stock’s rise snapped a two-day losing streak. Saputo Inc. closed C$8.47 below its 52-week high (C$42.42), which the company reached on June 3rd. Trading volume of 622,879 shares eclipsed its 50-day average volume of 377,148.
A record farmgate milk price for Fonterra shareholders is all but confirmed for this season.
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