Financial Stocks Weighed Over Broader NZ Market

Be the First to Comment Read

Financial Stocks Weighed Over Broader NZ Market

 Financial Stocks Weighed Over Broader NZ Market
Image source: Copyright © 2021 Kalkine Media Pty Ltd.

On 27th January 2022, the equity market of NZ closed in red after significant selling was encountered in the financial stocks. On the same day, NZX 50 Index and NZX 20 Index declined by 1.11% and 1.34%, respectively. Also, NZX All Financials has witnessed a fall of 2.12%.

Major S&P/NZX Indices Movement

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

Performance of Indices:

NZX 50 Index closed at 12,050.32, implying ~9.90% decline in the time frame of the past 1 year. MidCap Index and SmallCap Index ended at 6,103.51 and 22,215.40 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:

Rua Bioscience Limited (NZX: RUA) recently shared that Cann Group (ASX: CAN) was granted the GMP licence to manufacture the therapeutic goods for the Southern facility (Southern GMP Licence). This has been granted by Australia’s Therapeutic Goods Administration.

Burger Fuel Group Limited (NZX: BFG) rose by 9.38% to NZ$0.350 per share.

Top 5 Gainers and Losers on 27 January 2022

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

Movement on Wall Street:

On 26th January 2022, NASDAQ Composite rose marginally by 0.02% to 13,542.12. Notably, Dow Jones Industrials Average declined 0.38% to 34,168.09.

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

Disclaimer

Speak your Mind

Featured Articles

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK