On October 21, 2020, S&P/NZX50 ended the session in red as there was a decline of 0.24% to 12,432.61 and S&P/NZX20 declined by 0.42% to 8,142.17. On the same day, S&P/NZX10 encountered a fall of 0.20% to 2,174.96. Healthcare sector witnessed a rise of 1.15% and financials sector increased by 1.12%. On the other hand, consumer non-cyclicals sector declined by 1.55% and utilities sector fell by 1.19%.
Sector Summary (Source: Refinitiv (Thomson Reuters))
Top Movers: Vista Group International Ltd (NZX: VGL) (up by 2.55%) and Fisher & Paykel Healthcare Corporation Ltd (NZX: FPH) (up by 2.45%). On the other hand, Scales Corporation Ltd (NZX: SCL) witnessed a decline of 2.89%.
Top Movers (Source: Refinitiv (Thomson Reuters))
Movements on Wall Street: On October 20, 2020, Dow Jones Industrials Average witnessed a rise of 0.40% to 28,308.79. Also, NASDAQ Composite increased by 0.33% to 11,516.49.
Perception around gold has been undergoing a paradigm shift and is now seen as a crucial strategic asset, with changing macroeconomic conditions. A vibrant gold market has a positive impact on companies that are involved in the exploration and mining activities.