Wall Street recovery buoys NZX; Pushpay soars

Wed, 18 Mar 2020

New Zealand shares followed Wall Street higher as US equity markets bounced back from their worst day since 1987.Pushpay Holdings led the local rally as the mobile payments software developer raised its earnings guidance, saying its church customers were pushing more of their congregations into using digital giving as in-person gatherings get suspended.Still, a number of locally listed firms remain wary with more companies withdrawing their earnings guidance, Fonterra Cooperative Group canning its dividend, and Asset Plus giving up on a capital...

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