Buying In Healthcare Sector Supports NZ Market

1 min read | February 01, 2022 11:00 PM NZDT | By Team Kalkine Media

On 1st February 2022, the stock market of NZ ended on a positive note after significant buying was encountered in the healthcare stocks. Also, NZX 50 Index rose by 1.43% and NZX 20 Index increased by 1.32%. On the same day, NZX All Health Care has encountered an increase of 2.64%.

 Major S&P/NZX Indices Movement

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

Performance of Indices:

NZX 50 Index closed at 12,058.94, reflecting ~7.93% decline in the time frame of the previous 1 year. MidCap Index and SmallCap Index ended at 6,134.47 and 22,282.38 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:

New Zealand King Salmon Investments Limited (NZX: NZK) has stated that the unforeseen rise in the mortalities would be seriously impacting the FY 2022 full-year result and FY 2023 because the harvest would be reduced.

Bremworth Limited (NZX: BRW) rose by 9.43% to NZ$0.580 per share.

Top 5 Gainers and Losers on 01 February 2022

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

Movement on Wall Street:

On 31st January 2022, NASDAQ Composite rose by 3.41% to 14,239.88. Notably, Dow Jones Industrials Average increased 1.17% to 35,131.86.

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


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