Earnings season helps deliver NZX50’s best month since September

New Zealand’s S&P/NZX 50 index marked its best month since September as earnings largely delivered the expected revival in the domestic economy, with exporters such as a2 Milk Co and Skellerup Holdings among those leading the charge, while travel software Serko bore the brunt of the global cooling on tech companies.

Vista Group International had its best day in a year after the cinema software returned to profit and marked a record revenue in a busy earnings day to end the month, including results from Port of Tauranga, Channel Infrastructure and Summerset Group Holdings.

Nasdaq-listed Rocket Lab dropped in after-hours trading after again delaying the launch of its Neutron rocket until the last three months of this year, after reporting record quarterly earnings and forecast more growth in the current period.

And Hallenstein Glasson Holdings advanced after giving a strong trading update, while ANZ’s latest consumer confidence survey showed households dialled back their optimism about the economy in February.