Buying in Industrials Sector Supports NZ Market

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Buying in Industrials Sector Supports NZ Market

 Buying in Industrials Sector Supports NZ Market

On 25th March 2022, the broader stock market of NZ ended in green after significant buying was encountered in the industrials sector. On the same day, NZX 50 Index and NZX 20 Index rose by 0.31% and 0.34%, respectively. Also, NZX All Industrials rose by 1.83%.

Major S&P/NZX Indices Movement

Data Source: NZX, Table Source: Copyright © 2022 Kalkine Media® 

Performance of Indices:

NZX 50 Index closed at 12,055.00, reflecting ~2.69% fall in the time frame of the past 1 year. MidCap Index and SmallCap Index closed at 6,009.59 and 21,665.69 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: REFINITIV

Gainers and Losers:

NZME Limited (NZX: NZM) has announced that it has signed the letter of intent with Google setting out the important terms for the proposed supply by NZM of news content for Google’s News Showcase as well as for other news products and projects.

DGL Group Limited (NZX: DGC) rose by 6.27% to NZ$3.390 per share.

 Top 5 Gainers and Losers on 25 March 2022

Data Source: NZX, Table Source: Copyright © 2022 Kalkine Media® 

Movements on Wall Street:

On 24th March 2022, NASDAQ Composite Index increased by 1.93% to 14,191.84. Notably, Dow Jones Industrials Average rose 1.02% to 34,707.94.

Note: The reference data in this article has been partly sourced from REFINITIV

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