MARKET CLOSE NZ shares gain on Ebos, Meridian earnings, Trade Me disappoints

Wed, 19 Feb 2014

By Suze Metherell Feb. 19 (BusinessDesk) – New Zealand stock rose, as Ebos Group and Meridian Energy met profit guidance. Trade Me Group sank to an 18-month low during trade, as investors questioned the auction sites growth prospects. The NZX 50 Index rose 19.045 points, or about 0.4 percent, to 4914.142. Within the index, 25 stocks rose, 17 fell and eight were unchanged. Turnover was $152 million. Ebos shares rose 2.6 percent to $9.95, paring an earlier gain to $10.05 as investors digested its first-half results, which showed the impact...

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