Market Close: NZ shares fall as Pushpay touches 12-month low

Wed, 10 Nov 2021

New Zealand's headline share index fell on Wednesday as Pushpay Holdings tumbled 13% after it gave a soft half-year earnings report and a poorly received analyst call. The S&P/NZX 50 Index fell 68 points, or half a percent, to 13022.46. Turnover was $133 million. Shares in the church management software company were already down more than 7% at 11:00am, but the worst was yet to come. In the half hour following the call, the share price plunged another 12% after Pushpay’s chief executive declined to tell analysts how...

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