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The Markets

NZX edges higher: Ebos, Auckland Airport, Mainfreight hit records

Thursday 13th of June 2019

The S&P/NZX 50 Index increased 18.67 points, or 0.2 percent, to 10,223.81. Within the index, 27 stocks gained, 16 fell, and seven were unchanged. Turnover was $107.4 million.

The benchmark index was one of just five across Asia Pacific in positive territory after a lacklustre night on Wall Street. The prospect of lower US interest stoking demand for equities has been tempered by fears that the US-China trade stoush will slow global growth.

"Those soft leads have been enough to put a dampener on the market for the day," said Grant Davies, an investment advisor at Hamilton Hindin Greene.

Ebos hit a record $23.40. It ended the day at $23.18, up 1.7 percent on a volume of 86,000 shares, against its 90-day average of 100,000. Mainfreight increased 1 percent to a record $39.80 on a volume of 67,000, more than its usual 49,000, while Auckland International Airport closed at an all-time high $9, up 0.9 percent, on a volume of 997,000.

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