NZ's Synlait Milk gains on raising 2024-25 milk price outlook

** Synlait Milk SML rises as much as 2.4% to A$0.430, highest since Oct. 21

** Co raises its 2024-25 base milk price outlook to ~NZ$10 per kilogram of milk solids (kgMS) from NZ$9.50 per kgMS earlier, driven by strengthening of global commodities prices

** The base milk price is what co pays farmers

** Around 86,364 shares traded vs the 30-day avg of 67,592

** SML has fallen 55.8% this year, as of last close