Big news drive big moves on sharemarket

Big news drive big moves on sharemarket
Bad news for Ebos and others pushed share prices around today. (Image: Ebos)
Graham Skellern
Ebos Group, A2 Milk, Synlait and Pacific Edge were the centre of attention with transformative developments, while the New Zealand sharemarket made a recovery after a midday slump.When the stocks produced good and bad news, much of it surprising, The S&P/NZX 50 Index was down as much as half a percent, but it closed at 11,864.12 down 16.77 points or 0.14%.There were 87 gainers and 48 decliners over the whole market on volumes of 37.21 million share transactions worth $203.03m, with Ebos and A2 Milk soaking up much of the trading.The biggest...

More Markets

ComCom cold on Manawa takeover
Markets

ComCom cold on Manawa takeover

Regulator worries about market concentration.

Volatile stocks drive NZ sharemarket down nearly 0.5%
Markets Market Close

Volatile stocks drive NZ sharemarket down nearly 0.5%

The S&P/NZX 50 Index closed at 12.844.59, declining 60.45 points or 0.47%.

Graham Skellern 05 Feb 2025
Lyttelton Port result improves but CEO says it's not enough
Infrastructure

Lyttelton Port result improves but CEO says it's not enough

The CEO says Lyttelton Port does not generate sufficient returns on its capital base. 

Rebecca Howard 05 Feb 2025
Sky CFO Ciara McGuigan resigns in surprise departure
Markets

Sky CFO Ciara McGuigan resigns in surprise departure

Embattled broadcaster Sky TV is losing its chief financial officer with immediate effect.The pay-TV operator, facing a barrage of customer anger over poor satellite reception in recent weeks, announced the resignation of Ciara McGuigan on Wednesday.Her departure, effective immedi...

Staff reporters 05 Feb 2025