Buying Witnessed in Communications Services Sector

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Buying Witnessed in Communications Services Sector

 Buying Witnessed in Communications Services Sector
Image source: Copyright © 2021 Kalkine Media Pty Ltd.

On 18th January 2022, the equity market of NZ was influenced by the buying witnessed in the communications services as well as IT sectors. On the same day, NZX 50 Index rose by 0.06% to 12,814.46. Also, NZX All Communications Services has encountered a rise of 1.87% and NZX All Information Technology rose by 1.06%.

 Major S&P/NZX Indices Movement

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

Performance of Indices:

NZX 50 Index managed to end at 12,814.46, reflecting ~0.19% decline in the time frame of the previous 1 year. MidCap Index and SmallCap Index ended at 6,455.26 and 23,347.16 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:

ikeGPS Group Limited (NZX: IKE) announced that it has managed to sign an extension to the contract with an existing communications customer helping fibre infrastructure deployment in United States.

New Zealand Oil & Gas Ltd (NZX: NZO) rose by 6.45% to $0.495 per share.

Top 5 Gainers and Losers on 18 January 2022

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

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