Markets

MARKET CLOSE: Pushpay leads stock market higher

Dan Brunskill
Wed, 23 Sep 2020

Pushpay led the stock market higher on an analyst upgrade and as tech stocks on Wall Street rebounded following extended selling.The S&P/NZX 50 Index rose 95.40 points, or 0.8 percent, to 11,704.62. Within the index, 16 stocks rose, 25 fell and nine were unchanged. Turnover was $220.2 million.Wall Street stocks halted a three-week losing streak on Tuesday, led by technology giant Amazon, after investment strategy company Bernstein upgraded the stock to ‘outperform’ saying it will continue to benefit from new customers accrued du...

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Law & Regulation

Eric Watson appeal unlikely, sentencing judge says

Victoria Young | Thu, 22 Oct 2020

Watson expected to serve half of four-month sentence for contempt, judge reveals positive covid test.

Markets

MARKET OPEN: Auckland Airport AGM front of mind

Rebecca Howard | Thu, 22 Oct 2020

Investors will be closely watching Auckland International Airport’s virtual annual general meeting today for any hint of positivity.

Economy

Bracket creep pushes house buyers to $2m price tag

Brent Melville | Thu, 22 Oct 2020

Three times more Auckland homes sold for more than $2m last month than usual, as the Reserve Bank turns its attention back to LVR levels.

MARKET CLOSE: Pushpay leads stock market higher

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