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Highlights:
- The NZ share market ended in the green today (20 September)
- Gentrack Group, New Zealand King Salmon Investments, Seeka, etc., were among the NZX gainers
- Stocks like Plexure Group, Rakon, and TruScreen Group ended in red.
On Tuesday, at the closing bell, the New Zealand share market closed higher. On 20 September 2022, the S&P/NZX50 benchmark index last traded at 11,570.430, up 0.33% or 38.440 points. The index got strong support from indices like the S&P/NZX All Consumer Staples and the S&P/NZX All Communications Services, which rose 2.02% and 1.99%, respectively.
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Gentrack Group Limited (NZX:GTK), up 5.11%, and New Zealand King Salmon Investments Limited (NZX:NZK), which gained 4.55%, were among the NZX gainers. Other stocks that witnessed a rise in their share prices include Seeka Limited (NZX:SEK), which climbed 3.86%, and Third Age Health Services Limited (NZX:TAH), up 3.48%, etc.
In the red zone were Plexure Group Limited (NZX:PX1), which lost 7.50%, Rakon Limited (NZX:RAK), down 4.72%, and TruScreen Group Limited (NZX:TRU), which fell 4.00%. Other NZX decliners include AFT Pharmaceuticals Limited (NZX:AFT), and The Warehouse Group Limited (NZX:WHS), which slipped by 3.74% and 3.67%, respectively.
The daily value traded on the NZX clocked about NZ$68.93 million on Tuesday.
Global markets
US stocks closed higher on Monday ahead of the Fed’s decision this week on aggressive interest rate hikes.
On 19 September, the NASDAQ rose 0.76%, the S&P 500 climbed 0.69%, and the Dow Jones advanced 0.64%. Tech stocks, retailers, industrial companies, and banks helped elevate the market. For instance, Apple gained 2.5%, Bank of America climbed 1.7%, and United Airlines closed 3.3% higher on Wednesday.
On 20 September, Singapore's SGX Nifty was up 1.43%, and Hong Kong's Hang Seng gained 1.42%. The Nikkei 225 in Japan added 0.39%, while South Korea's Kospi was 0.55% higher (at the time of writing).
Oil and gold up
Oil prices climbed a little on Tuesday (20 September 2022). Reserve's Meeting. Currently, Brent Oil Futures were up 0.05% to US$92.05 a barrel today.
The yellow metal climbed slightly on Tuesday, though it traded in a tight range. On 20 September, Gold Futures were up 0.12% to US$1680.15 (at the time of writing this article).