MARKET CLOSE: NZ shares drop, led by Ebos, Tower and A2 Milk

Mon, 26 Sep 2016

By Sophie Boot Sept. 26 (BusinessDesk) - New Zealand shares fell in light trading, with Ebos Group, Tower and A2 Milk leading the index lower. The S&P/NZX 50 Index fell 31.88 points, or 0.4 percent, to 7,264.86. Within the index, 28 stocks rose, 17 fell and five were unchanged. Turnover was $106.7 million. "It's a very quiet day after what was a busy week last week - with retailers reporting, Fonterra, and the Reserve Bank's interest rate decision, things have gone from one extreme to another and it's exceptionally quiet," said Peter...

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