NZ Markets Impacted By Broad-Based Selling

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NZ Markets Impacted By Broad-Based Selling

 NZ Markets Impacted By Broad-Based Selling
Image source: Copyright © 2021 Kalkine Media Pty Ltd.

On 11th February 2022, the stock of NZ closed in red after significant selling was encountered in the healthcare as well as consumer staples sectors. On the same day, NZX 50 Index and NZX 20 Index declined by 1.93% and 2.05%, respectively. Also, NZX All Health Care has witnessed a fall of 3.39% and NZX All Consumer Staples fell by 2.68%.

Major S&P/NZX Indices Movement

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

Performance of Indices:

NZX 50 Index closed at 12,173.78, reflecting ~4.60% decline in the time span of the previous 1 year. MidCap Index and SmallCap Index ended at 6,155.82 and 22,600.25 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, PaySauce Limited (NZX: PYS) has announced a partnership with accounting software provider, Reckon Limited (ASX: RKN), in order to replace RKN’s current payroll product in NZ.

Evolve Education Group Limited (NZX: EVO) rose by 3.61% to NZ$0.860 per share.

Top 5 Gainers and Losers on 11 February 2022

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

Movement on Wall Street:

On 10th February 2022, NASDAQ Composite Index fell 2.10% to 14,185.64. Notably, Dow Jones Industrials Average declined 1.47% to 35,241.59.

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

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