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

By Paul McBeth | 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...