On 8th March 2022, the stock market of NZ closed in red after significant selling was encountered in the broader NZ market. On the same day, NZX 50 Index and NZX 20 Index declined by 1.41% and 1.37%, respectively. Also, NZX All Financials has witnessed a fall of 3.92%.

Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Performance of Indices:
NZX 50 Index closed at 11,744.95, implying ~2.82% decline in the time frame of the past 1 year. MidCap Index and SmallCap Index closed at 5,878.84 and 21,402.65 points, respectively.
S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – Performance Over One Year

Source: EODHD/Others
Gainers and Losers:
Rua Bioscience Limited (NZX: RUA) has recently released shareholder newsletter. It was mentioned that RUA shareholders have approved the purchase of NZ owned medicinal cannabis company, Zalm Therapeutics. Notably, this throws further weight behind the bid to become NZ’s premier medicinal cannabis company.
Chatham Rock Phosphate Limited (NZX: CRP) rose by 27.27% to NZ$0.280 per share.

Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Movement on Wall Street:
On 7th March 2022, NASDAQ Composite Index fell by 3.62% to 12,830.96. Also, Dow Jones Industrials Average declined 2.37% to 32,817.38.
Note: The reference data in this article has been partly sourced from EODHD/Others