MARKET CLOSE: NZ shares fall as Ebos shareholder sells down; covid jitters remain

Tue, 23 Jun 2020

New Zealand shares fell as a cornerstone investor of Ebos Group sold down a 9 percent stake in the healthcare products company, dominating trading today. Investors also remain concerned about the threat of a second wave of covid-19. The S&P/NZX 50 Index fell 25.88 points, or 0.2 percent, to 11,132.58. Within the index, 33 stocks fell, 12 rose, and five were unchanged. Turnover was $800.5 million, of which Ebos accounted for $629.2 million. Ebos fell 3.2 percent to $21.63 after its biggest shareholder sold 9.2 percent of the company for $...

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