Ebos Group leads market higher in rally sparked by positive US inflation data

Ebos Group leads market higher in rally sparked by positive US inflation data
Ebos healthcare and animal health company jumped 8%. (Image: Ebos)
Riley Kennedy
Ebos Group led New Zealand’s benchmark index higher on Friday, a day in which it was buoyed by weaker-then-expected inflation figures out of the United States.The S&P/NZX 50 index increased 219.83 points, or 1.98%, to 11,311.750.Across the main board, 111 shares rose and 23 fell. Turnover was $148.5 million. Medical supplies and animal healthcare company Ebos Group led the top 50 higher, closing up nearly 8% to $40.44.The company was admitted into the MSCI small cap index, which is likely to trigger a raft of passive buying, Brad...

More Economy

The RBNZ turns more hawkish, still worried
Economy

The RBNZ turns more hawkish, still worried

The OCR now peaks at 5.7% versus a prior peak of 5.6%.

Rebecca Howard 22 May 2024
RBNZ keeps rate on hold at 5.5% but turns more hawkish
Economy

RBNZ keeps rate on hold at 5.5% but turns more hawkish

The OCR peak is now 5.7% versus prior view of 5.6%. 

Rebecca Howard 22 May 2024
Global dairy prices end NZ season on a high note
Primary Sector

Global dairy prices end NZ season on a high note

Dairy prices rose 3.3% in the overnight GDT auction. 

Riley Kennedy 22 May 2024