On 10th December 2021, the equity market in NZ recovered from afternoon trade. It closed in green, primarily driven by significant value-buying in Materials, Communications Services, and Real Estate stocks, among others. In line with this, NZX 20 Index increased 0.49%, and NZX 50 Portfolio Index rose by 0.71%. Notably, NZX All Materials witnessed a rise of 2.29%, and NZX All Communications Services gained by 2.27%.

Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Performance of Indices:
NZX 50 Index closed at 12,849.68, which implies ~0.08% fall in 1-year. MidCap Index and SmallCap Index closed at 6,455.82 and 23,059.74 points, respectively.
S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – Performance Over One Year

Source: EODHD/Others
Gainers and Losers:
Tourism Holdings Limited (NZX: THL) plans to merge with Apollo Tourism & Leisure to position itself as a global leader in the commercial RV rental space. Also, the company advised that its H1FY22 performance would be impacted because of ongoing domestic travel restrictions around the world.
Ebos Group Limited (NZX: EBO) successfully closed of placement of ~19.5 million new shares, raising ~NZ$674 million/A$642 million. The raised fund will be used to fund the acquisition of LifeHealthcare partly.

Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Movement on Wall Street:
On 9th December 2021, NASDAQ Composite decreased by 1.71% to 15,517.37. Notably, Dow Jones Industrials Average fell by 0.06 points to 35,754.69.
Note: The reference data in this article has been partly sourced from EODHD/Others