MARKET CLOSE: NZ shares fall as Pushpay follows Aussie software firms lower

Thu, 17 Oct 2019

New Zealand shares fell, led by Pushpay Holdings, as the payments app developer got dragged down by pessimistic analyst reports on ASX software firms Wisetech Global and Afterpay. The S&P/NZX 50 Index declined 36.78 points, or 0.3 percent, to 11,141.86. Within the index, 22 stocks fell, 20 rose, and eight were unchanged. Turnover was $106.6 million. Pushpay led the market lower, down 3.1 percent at $3.15 on a volume of 1.5 million shares, more than twice its 90-day average of 620,000. Investor sentiment for trans-Tasman software firms s...

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