NZ Market Influenced by Buying Witnessed in IT Stocks

Be the First to Comment Read

NZ Market Influenced by Buying Witnessed in IT Stocks

 NZ Market Influenced by Buying Witnessed in IT Stocks
Image source: Copyright © 2021 Kalkine Media

On 23rd December 2021, the equity market in NZ was influenced by the buying witnessed in the IT stocks. Also, some buying was encountered in the consumer discretionary sector. NZX 50 Index declined by 0.02% and NZX 20 Index rose by 0.03%. On the same day, NZX All Information Technology rose by 1.11%.

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

Image Description: Major S&P/NZX Indices Movement

Performance of Indices:

NZX 50 Index closed at 12,862.71 which implies ~1.21% decline in the time frame of the previous 1 year. MidCap Index and SmallCap Index closed at 6,421.78 and 23,540.32 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, Cooks Global Foods Limited (NZX: CGF) stated that it has issued 103,317,794 new ordinary shares for $3,099,534 after recent closure of the company’s rights issue.

Me Today Limited (NZX: MEE) rose by 5.17% to NZ$0.061 per share.

 Top 5 Gainers and Losers on 23 December 2021

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

Movement on Wall Street:

On 22nd December 2021, NASDAQ Composite rose by 1.18% to 15,521.89. Notably, Dow Jones Industrials Average increased 0.74% to 35,753.89

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