NZ sharemarket has late bounce

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 further Ebos information.  

Ebos remained in a trading halt but indicated to the NZX that it would make an announcement in relation to the potential acquisition of Greencross, which has been the subject of media speculation.