MARKET CLOSE: NZ shares fall as Air NZ drops on cloudy outlook; Ebos rises to record

Thu, 25 Feb 2016

By Sophie Boot Feb. 25 (BusinessDesk) - New Zealand shares fell, as Air New Zealand declined on a murkier outlook for the second half of the year, while Ebos Group hit a record high. The S&P/NZX 50 Index decreased 5.1 points, or 0.1 percent, to 6,225.27. Within the index, 22 stocks fell, 18 rose and 10 were unchanged. Turnover was $140 million. Air New Zealand fell 1.9 percent to $2.81. The airline posted a record pretax profit in the first half, up 132 percent on a year ago, due to lower fuel prices and a jump in passenger revenue as...

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