Broad-based Buying Witnessed in NZ Equity Market

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Broad-based Buying Witnessed in NZ Equity Market

 Broad-based Buying Witnessed in NZ Equity Market
Image source: Copyright © 2021 Kalkine Media Pty Ltd.

On 17th January 2022, the NZ market ended the session on a positive note after huge buying was witnessed in the real estate as well as financial sectors. On the same day, NZX 50 Index and NZX 20 Index rose by 0.13% and 0.06%, respectively. Also, NZX Real Estate Select Index rose by 1.17% and NZX All Financials increased by 1.16%.

Major S&P/NZX Indices Movement

Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media

Performance of Indices:

NZX 50 Index managed to end at 12,806.90, reflecting ~0.25% decline in the time frame of the previous 1 year. MidCap Index and SmallCap Index ended at 6,421.90 and 23,323.49 points, respectively.

S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – Performance Over One Year

S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – Performance Over One Year

Source: REFINITIV

Gainers and Losers:

Chatham Rock Phosphate Limited (NZX: CRP) took a crucial step to the phosphate production with the manufacturing of Dicalcium Phosphate at Korella South.

Me Today Limited (NZX: MEE) rose by 6.25% to NZ$0.068 per share.

Top 5 Gainers and Losers on 17 January 2022

Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media

Movement on Wall Street:

On 14th January 2022, NASDAQ Composite rose 0.59% to 14,893.75. Notably, Dow Jones Industrials Average declined 0.56% to 35,911.81.

Note: The reference data in this article has been partly sourced from REFINITIV

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