Ebos unwind pulls NZX 50 down 0.68%

Ebos unwind pulls NZX 50 down 0.68%
The NZX 50 is up less than 1% so far this year. (Image: NZME)
Gregor Thompson
After benefitting from last week’s index reshuffles, Ebos Group has struggled to hold onto its gains and pulled the index downwards.The New Zealand benchmark S&P/NZX 50 lost 0.68% to 13,141.54 points on Monday, with 27.1 million shares worth $98.1m changing hands. There were 71 gainers and 72 decliners. Ebos Group was the largest detractor on the index, falling 3.88% to $28.70 on trading volumes worth more than $6.1m.Paul Robertshawe, chief investment officer with Octagon Asset Management, said the stock unwound from a...

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