MARKET CLOSE: NZ shares gain as Ebos, Air NZ earnings meet expectations

Thu, 22 Aug 2019

By Paul McBeth Aug. 22 (BusinessDesk) - New Zealand shares rose as the domestic earnings season continued, with Ebos Group and Air New Zealand meeting investors' expectations. Spark New Zealand rose for a second day on unusually large volumes. The S&P/NZX 50 Index increased 15.90 points, or 0.1 percent, to 10,725.22. Within the index, 31 stocks rose, 15 fell, and four were unchanged. Turnover was $215 million, of which Spark accounted for $101 million. Three top-20 companies reported today, of which Air New Zealand beat earnings esti...

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