Financial Stocks Encountered Buying Pressure

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Financial Stocks Encountered Buying Pressure

 Financial Stocks Encountered Buying Pressure
Image source: Copyright © 2021 Kalkine Media Pty Ltd.

On 3rd December 2021, the equity market in NZ was influenced by the buying pressure witnessed on the financial stocks. On the same day, NZX 20 Index declined by 0.03% and NZX 50 Portfolio Index rose by 0.13%. Notably, NZX All Financials has witnessed a rise of 2.27% and NZX All Consumer Staples fell by 1.46%.

Major S&P/NZX Indices Movement

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

Performance of Indices:

NZX 50 Index closed at 12,676.50, reflecting ~0.22% rise in the time frame of the past 1 year. MidCap Index and SmallCap Index ended at 6,280.26 and 23,119.57 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:

Recently, Me Today Limited (NZX: MEE) posted unaudited results for the 6 months ended 30th September 2021. The company has posted net sales of $2.4 Mn. Its net loss before tax was $2.8 Mn.

TruScreen Group Limited (NZX: TRU) rose by 3.85% to NZ$0.081 per share.

Top 5 Gainers and Losers on 3 December 2021

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

Movement on Wall Street:

On 2nd December 2021, NASDAQ Composite has witnessed a rise of 0.83% to 15,381.32. Notably, Dow Jones Industrials Average rose by 1.82% to 34,639.79.

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

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