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

Mon, 29 Jul 2019

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 ...

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