MARKET CLOSE: NZ shares rise as Pushpay climbs to new heights

Wed, 06 May 2020

New Zealand shares rose, led by Pushpay Holdings, as the mobile payments app developer soared to new heights after signalling it was in for more growth. The S&P/NZX 50 Index advanced 82.11 points, or 0.8 percent, to 10,572.84. Within the index 24 stocks rose, 25 fell, and one was unchanged. Turnover was $142.5 million, of which Pushpay accounted for $20.8 million. Pushpay jumped 20.9 percent to a record $5.50 after saying it expects its rapid pace of growth to continue, forecasting earnings before interest, tax, depreciation, amortisati...

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