Market Close: Pushpay pushes market down

Fri, 12 Nov 2021

Pushpay Holdings led the New Zealand share market lower as it took another sharp dive to its lowest price since May last year. The S&P/NZX 50 Index fell 118 points, or 0.9%, to 12908.15. Turnover was $176.6 million. Church donation software company Pushpay plunged 8.1% to $1.47 with almost 10 million shares – worth more than $14m – changing hands.The stock is now down 20% since reporting somewhat soft half-year earnings on Wednesday, despite some analysts remaining positive on the company’s outlook. Mornings...

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