Equity Market in NZ Ended Lower

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Equity Market in NZ Ended Lower

 Equity Market in NZ Ended Lower
Image source: Copyright © 2021 Kalkine Media Pty Ltd.

On 25th January 2022, the equity market of New Zealand closed lower after significant selling was witnessed in the consumer discretionary as well as IT stocks. However, some buying was encountered in the consumer staples sector. Also, NZX 50 Index and NZX 20 Index declined by 0.52% and 0.24%, respectively.

Major S&P/NZX Indices Movement

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

Performance of Indices:

NZX 50 Index closed at 12,128.21, reflecting ~9.49% decline in the time span of the past 1 year. MidCap Index and SmallCap Index ended at 6,074.68 and 22,377.74 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:

Rakon (NZX: RAK) has appointed Sinead Horgan to the post of independent Non-Executive Director.

The a2 Milk Company Limited (NZX: ATM) rose by 6.24% to $5.790 per share.

Top 5 Gainers and Losers on 25 January 2022

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

Movement on Wall Street:

On 24th January 2022, NASDAQ Composite rose by 0.63% to 13,855.13. Notably, Dow Jones Industrials Average increased by 0.29% to 34,364.50.

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

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