NZX50 holds at 13,000 after strong earnings results

Summerset Holdings reported half year earnings were up more than 60%.

Tue, 24 Aug 2021

New Zealand shares were almost flat as investors reacted to upbeat earnings results from Heartland Group and Summerset Holding, while some larger stocks declined. The S&P/NZX 50 Index rose 7.79 points, or 0.1%, to 13,071.86. Turnover was $200 million.Pushpay Holdings rose as investors continued to digest its acquisition of a church live streaming business for US$150m.Investors initially had a cautious response to the news, Pushpay shares actually fell 2.5% following the announcement before recovering to close half a percent hig...

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