Real Estate Sector Weighs Over NZ Market

1 min read | February 04, 2022 07:46 PM NZDT | By Team Kalkine Media

On 4th February 2022, the stock market in NZ ended in red after robust selling was encountered in the real estate stocks. On the same day, NZX 50 Index and NZX 20 Index declined by 0.45% and 0.44%, respectively. Also, NZX Real Estate Select Index has witnessed a fall of 1.39%.

 Major S&P/NZX Indices Movement

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

Performance of Indices:

NZX 50 Index closed at 12,279.56, implying ~5.49% decline in the time frame of the past 1 year. MidCap Index and SmallCap Index ended at 6,215.32 and 22,564.47 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: EODHD/Others

Gainers and Losers:

Briscoe Group Limited (NZX: BGP) published a press release giving insights about full-year sales and profit. For full year (52 weeks), its group sales stood at $744.4 Mn, reflecting a rise of 6.08% (as compared to 53 weeks last year).

New Zealand Oil & Gas Ltd (NZX: NZO) rose by 5.38% to NZ$0.490 per share.

 Top 5 Gainers and Losers on 4 February 2022

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

Movement on Wall Street:

On 3rd February 2022, NASDAQ Composite declined 3.74% to 13,878.82. Notably, Dow Jones Industrials Average fell by 1.45% to 35,111.16.

Note: The reference data in this article has been partly sourced from EODHD/Others


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