On 24th January 2022, the stock market in NZ closed in red after huge selling was witnessed in the IT as well as industrials stocks. On the same day, NZX 50 Index and NZX 20 Index declined by 1.27% and 1.18%, respectively. Also, NZX All Information Technology has encountered a fall of 4.06%.

Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Performance of Indices:
NZX 50 Index closed at 12,191.06, reflecting ~9.02% decline in the time span of the past 1 year. MidCap Index and SmallCap Index ended at 6,137.75 and 22,489.80 points, respectively.
S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – Performance Over One Year

Source: EODHD/Others
Gainers and Losers:
Marlin Global Limited (NZX: MLN) released the quarterly update for the time period of 1st October 2021 – 31st December 2021. The company has stated that global markets ended the year on a favourable note, despite the uncertainty due to inflation as well as Omicron.
Fisher & Paykel Healthcare Corporation Limited (NZX: FPH) rose by 3.44% to NZ$30.360 per share.

Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Movement on Wall Street:
On 21st January 2022, NASDAQ Composite witnessed a huge fall of 2.72% to 13,768.92. Notably, Dow Jones Industrials Average fell by 1.30% to 34,265.37.
Note: The reference data in this article has been partly sourced from EODHD/Others