MARKET CLOSE: NZ shares rise as A2 buoyed by Bubs result

MARKET CLOSE: NZ shares rise as A2 buoyed by Bubs result
Paul McBeth
By Paul McBeth July 29 (BusinessDesk) - New Zealand shares rose as A2 Milk and Synlait Milk were buoyed by a strong June quarter for infant formula maker Bubs Australia. Ebos Group led the market higher on a light volume.  The S&P/NZX 50 Index increased 43.75 points, or 0.4 percent, to 10,851.36. Within the index, 27 stocks rose, 20 fell and three were unchanged. Turnover was $82.1 million with just four companies trading on volumes of more than a million shares.  A2 Milk hit a record $17.85, and ended the day up 2.7 percent at $17.70 ...

More Markets

NZ market flat: Tower rises
Markets

NZ market flat: Tower rises

The index declined 0.67% this week.

Graham Skellern 12 Apr 2024
CRP's trading halt lifted after clarifying fast-track statements
Primary Sector

CRP's trading halt lifted after clarifying fast-track statements

Chatham Rock Phosphate said it had been requested to apply for the new regime.

Ian Llewellyn 12 Apr 2024
Carbon markets reveal more about policy than politicians
Primary Sector

Pattrick Smellie: Carbon markets reveal more about policy than politicians

The sluggish carbon price tells what you need to know about climate policy.

Pattrick Smellie 12 Apr 2024
Who Fletcher's new CEO called in his first days
Markets

Who Fletcher's new CEO called in his first days

Nick Traber has to rebuild confidence in the embattled construction giant.