Buying in Materials Sector Helped NZ Market

2 min read | January 05, 2022 08:00 PM NZDT | By Team Kalkine Media

On 5th January 2022, the equity market in NZ closed in green after significant buying was encountered in the materials sector.On the same day, NZX 50 Index and NZX 20 Index rose by 0.89% and 1.08%, respectively. Also, NZX All Materials has witnessed a rise of 3.04%.

Major S&P/NZX Indices Movement

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

Performance of Indices:

NZX 50 Index closed at 13,150.38 which implies ~1.63% decline in the time span of the previous 1 year. MidCap Index and SmallCap Index closed at 6,614.78 and 24,221.20 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:

In the release dated 29th December 2021, Michael Hill International Ltd (NZX: MHJ) provided an update. The company is expected to deliver the first half-year result above the previous year (FY21H1) comparable EBIT result of $44.6 Mn. MHJ would be providing FY 2022 second quarter trading update on 14th January 2022.

Wellington Drive Technologies Limited (NZX: WDT) rose by 9.76% to NZ$0.225 per share.

Top 5 Gainers and Losers on 05 January 2022

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

Movement on Wall Street:

On 4th January 2022, NASDAQ Composite declined by 1.33% to 15,622.72. Notably, Dow Jones Industrials Average rose by 0.59% to 36,799.65.

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


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