Broader NZ Market was Supported by Buying in Healthcare Stocks

1 min read | August 18, 2021 08:31 PM NZST | By Team Kalkine Media

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Broader NZ Market was Supported by Buying in Healthcare Stocks — Image source: Copyright © 2021 Kalkine Media Pty Ltd.

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On 18^th August 2021, the broader NZ market ended the session in green, primarily driven by significant buying in the Healthcare stocks, amongh others. However, the gains were restricted due to selling pressure in Materials as well as Energy stocks, among others. Notably, NZX 50 Index rose by 0.66% to 12,718.88 and NZX 20 Index increased 0.76%.

Performance of Indices:

NZX 50 Index ended at 12,718.88, reflecting ~7.34% increase in the previous 1 year. Also, MidCap Index and SmallCap Index ended at 6,295.91 and 22,169.40 points, respectively.

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

Source: EODHD/Others

Gainers and Losers:

Hallenstein Glasson Holdings Ltd (NZX: HLG) made an announcement that, because of COVID-19 alert system in NZ moving to Level 4, all the stores in NZ have been closed. Notably, the web stores would be continuing to trade for the essential items.

Geo Limited (NZX: GEO) rose by 6.54% to NZ$0.114 per share

Movement on Wall Street:

On 17^th August 2021, NASDAQ Composite fell by 0.93% to 14,656.18. Notably, Dow Jones Industrials Average declined 0.79% to 35,343.28.

Note: The reference data in this article has been partly sourced from EODHD/Others

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