New Zealand's Tower hits a near one-month peak on strong FY26 outlook

Tower

05/10/2026 22:58

** Shares of New Zealand's Tower TWR.NZ rise as much as 2% to NZ$2.030, hitting their highest level since September 10
** Stock logs its biggest intraday pct gain since September 17
** Insurer revises FY26 underlying NPAT forecast, now expects between NZ$69 million ($38.63 million) and NZ$79 million
** Co earlier expected FY26 underlying NPAT to be in the range of NZ$55 mln to NZ$65 mln
** Stock largely flat this year, including the day's move

($1 = 1.7860 New Zealand dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))