Buying in Materials Sector Supports NZ Market

1 min read | February 23, 2022 06:34 PM AEDT | By Team Kalkine Media

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Buying in Materials Sector Supports NZ Market — Image source: Copyright © 2021 Kalkine Media Pty Ltd.

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On 23^rd February 2022, the broader stock market of NZ closed on a favourable note after significant buying was encountered in the materials sector. On the same day, NZX 50 Index and NZX 20 Index rose by 0.16% and 0.17%, respectively. Also, NZX All Materials has witnessed an increase of 2.13%.

Major S&P/NZX Indices Movement

Performance of Indices:

NZX 50 Index closed at 12,134.42, reflecting ~2.05% decline in the time span of the previous 1 year. MidCap Index and SmallCap Index closed at 6,103.79 and 22,097.35 points, respectively.

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

Source: EODHD/Others

Gainers and Losers:

NZME Limited (NZX: NZM) made an announcement about its financial results for the full year ended 31^st December 2021 and it reported 5% growth in operating revenue to $349.2 Mn.

Sky Network Television Limited (NZX: SKT) rose by 9.80% to NZ$2.690 per share.

Top 5 Gainers and Losers on 23 February 2022

Movement on Wall Street:

On 22^nd February 2022, NASDAQ Composite Index fell 1.23% to 13,381.52. Notably, Dow Jones Industrials Average declined 1.42% to 33,596.61.

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

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