Broad-based Selling Impacts NZ Market

1 min read | February 22, 2022 09:18 PM NZDT | By Team Kalkine Media

On 22nd February 2022, the broader stock market of NZ closed in red as significant selling was encountered in the financial stocks. On the same day, NZX 50 Index and NZX 20 Index declined by 0.34% and 0.13%, respectively. Also, NZX All Financials witnessed a fall of 3.08% and NZX All Consumer Staples declined 2.32%.

Major S&P/NZX Indices Movement

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

Performance of Indices:

NZX 50 Index closed at 12,114.63, reflecting ~2.51% decline in the time span of the previous 1 year. MidCap Index and SmallCap Index closed at 6,091.38 and 21,989.85 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: EODHD/Others

Gainers and Losers:

Metro Performance Glass Limited (NZX: MPG) stated that, for the financial year ending 31st March 2022, it anticipates recording Group EBIT between $6.0 Mn- $7.0 Mn as compared to $17.9 Mn in FY 2021.

Just Life Group Limited (NZX: JLG) rose by 4.48% to NZ$0.700 per share.

 Top 5 Gainers and Losers on 22 February 2022

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


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