NZ sharemarket falls as major Ebos Group shareholder sells $1b stake

Ebos Group had one of its largest shareholders sell off roughly 27 million shares, valued at almost $1 billion. (Image: Getty)

Tom Raynel

Thu, 29 May 2025

The New Zealand sharemarket fell on Thursday after one of the largest investors in Ebos Group sold a significant number of shares.The S&P/NZX 50 Index closed down 0.65% or 80.95 points, falling to 12,281.31, with 71,291,954 shares changing hands to the value of $1.132 billion.The S&P/NZX 20 index closed at 7,255.75, down 0.61%, while the S&P/NZX 10 index closed at 1,850.61, down 0.37%.There were 67 gainers on the main board and 75 decliners.Sybos Holdings, a unit of Zuellig Group, said it had entered into a block trade agreement wit...

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