NZX 50 up 0.33%; GTK, NZK shine; PX1, RAK slip

Image Source: © Bluebay2014 | Megapixl.com

Highlights:

  • The NZ share market ended in the green today (20 September)
  • Gentrack Group, New Zealand King Salmon Investments, Seeka, etc., were among the NZX gainers
  • Stocks like Plexure Group, Rakon, and TruScreen Group ended in red.

On Tuesday, at the closing bell, the New Zealand share market closed higher. On 20 September 2022, the S&P/NZX50 benchmark index last traded at 11,570.430, up 0.33% or 38.440 points. The index got strong support from indices like the S&P/NZX All Consumer Staples and the S&P/NZX All Communications Services, which rose 2.02% and 1.99%, respectively.

Source: © Skypixel | Megapixl.com

Gentrack Group Limited (NZX:GTK), up 5.11%, and New Zealand King Salmon Investments Limited (NZX:NZK), which gained 4.55%, were among the NZX gainers. Other stocks that witnessed a rise in their share prices include Seeka Limited (NZX:SEK), which climbed 3.86%, and Third Age Health Services Limited (NZX:TAH), up 3.48%, etc.

In the red zone were Plexure Group Limited (NZX:PX1), which lost 7.50%, Rakon Limited (NZX:RAK), down 4.72%, and TruScreen Group Limited (NZX:TRU), which fell 4.00%. Other NZX decliners include AFT Pharmaceuticals Limited (NZX:AFT), and The Warehouse Group Limited (NZX:WHS), which slipped by 3.74% and 3.67%, respectively.

The daily value traded on the NZX clocked about NZ$68.93 million on Tuesday.

Global markets

US stocks closed higher on Monday ahead of the Fed’s decision this week on aggressive interest rate hikes.

On 19 September, the NASDAQ rose 0.76%, the S&P 500 climbed 0.69%, and the Dow Jones advanced 0.64%. Tech stocks, retailers, industrial companies, and banks helped elevate the market. For instance, Apple gained 2.5%, Bank of America climbed 1.7%, and United Airlines closed 3.3% higher on Wednesday.

On 20 September, Singapore's SGX Nifty was up 1.43%, and Hong Kong's Hang Seng gained 1.42%. The Nikkei 225 in Japan added 0.39%, while South Korea's Kospi was 0.55% higher (at the time of writing).

Oil and gold up

Oil prices climbed a little on Tuesday (20 September 2022).  Reserve's Meeting. Currently, Brent Oil Futures were up 0.05% to US$92.05 a barrel today.

The yellow metal climbed slightly on Tuesday, though it traded in a tight range.  On 20 September, Gold Futures were up 0.12% to US$1680.15 (at the time of writing this article).


 

The content on this website, including, but not limited to, any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (“Content”) is a service provided by Kalkine Media New Zealand Limited (Kalkine Media, we or