MARKET CLOSE: NZ shares nudge higher as A2 soars; Ebos slides on major stake sale

Tue, 19 Nov 2019

New Zealand shares were led higher by A2 Milk after the firm gave upbeat earnings and margin guidance, more than offsetting a five-month low for Ebos Group when its cornerstone shareholder pared back its holding. The S&P/NZX 50 Index rose 19.08 points, or 0.2 percent, to 10,892.24. Within the index, 12 stocks rose, 32 fell, and six were unchanged. Turnover was $558 million, of which Ebos accounted for $349.3 million. A2 jumped 10.3 percent to $14.12, with 4.3 million shares changing hands, well up on its 90-day average of 730,000 shares...

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