NZ sharemarket has late bounce

Investors await the next move by Ebos. (Image: Getty)

Mon, 20 Nov 2023

The New Zealand sharemarket had a late rise on a topsy-turvy trading day as the waiting game continued on Ebos Group’s latest development.The S&P/NZX 50 Index fell in the morning to 11,144.22 and bounced around in the afternoon before climbing in the last hour to close at 11,207.46, up 30.49 points or 0.27%.There were 52 gainers and 78 decliners on the main board, with 28.58 million shares worth $84.8m changing hands.Matt Goodson, managing director of Salt Funds Management, said the market is really in a holding pattern ahead of furth...

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