Healthcare Stocks Weighed Over NZ Market

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Healthcare Stocks Weighed Over NZ Market

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

On 28th January 2022, the stock market of NZ ended lower. This was mainly because of significant selling which was encountered in the healthcare stocks. On the same day, NZX 50 Index and NZX 20 Index declined by 1.64% and 1.74%, respectively. Also, NZX 10 Index has encountered a fall of 2.18%. Notably, NZX All Health Care declined by 2.45%.

Major S&P/NZX Indices Movement

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

Performance of Indices:

NZX 50 Index closed at 11,852.15, reflecting ~9.43% decline in the time span of the past 1 year. MidCap Index and SmallCap Index ended at 6,044.29 and 22,093.36 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:

Livestock Improvement Corporation (NZX: LIC) has recently announced the half-year results for 6 months ended 30th November 2021. The results have reflected strength in the farmer-owned co-operative’s performance.

Savor Limited (NZX: SVR) rose by 4.76% to NZ$0.440 per share.

 Top 5 Gainers and Losers on 28 January 2022

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

Movement on Wall Street:

On 27th January 2022, NASDAQ Composite fell by 1.40% to 13,352.78. Notably, Dow Jones Industrials Average declined by 0.02% to 34,160.78.

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

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