NZ market in good spirits as earnings season wraps up

The S&P/NZX 50 index rose 103 points, or 0.9%, to 11,894.580. Turnover was an extremely high $973.3 million due to end-of-month index rebalancing.

General insurer Tower was down 0.8% to 61.5 cents by early evening.

At the company’s annual meeting today, chair Michael Stiassny said the “rubber is going to hit the road” in how NZ deals with the pressing issue of managed retreats in a worsening climate crisis.

Earnings season is almost wrapped up, with cinema technology provider Vista Group among those reporting a result tomorrow. The firm was up 5.1% to $1.44 today.