NZX 50 finishes month on a high

The S&P/NZX 50 Index rose 128 points, or 1%, to 13,099.82. Turnover was $208.3 million.

Pushpay Holdings led the market higher, rising 3.8% to $1.90, followed by A2 Milk which rose 3.5% to $6.57 and Air NZ, up 3.1% at $1.67. All three stocks had more than a million shares traded.

Shares in Move Logistics jumped 7.4% to $1.74 after the transport company issued 13 million shares at an 8-cent premium to its asking price of $1.40. 

The company is raising $40m in a three-part process, and an institutional entitlement offer was taken up by 93% of eligible institutional shareholders with the leftovers offered in the oversubscribed bookbuild.