MARKET CLOSE NZ shares rise as Mainfreight earnings, Ebos purchase cheered

MARKET CLOSE NZ shares rise as Mainfreight earnings, Ebos purchase cheered
May 29 (BusinessDesk) – New Zealand shares rose after Mainfreight said it is working to lift its performance in Europe, Ebos raised funds for its bigger-ever acquisition and the Fonterra Shareholders’ Fund benefited from a higher payout forecast. The NZX 50 Index rose 10 points, or 0.2 percent, to 4488.25. Within the index, 27 stocks rose, 18 fell and five were unchanged. Turnover was $128 million. Mainfreight rose 3.6 percent to $10.05 after the transport group posted unchanged annual earnings on a pretax basis, meeting its own guidance, w...