Selling in Financial Stocks Impacted Market

1 min read | December 02, 2021 09:03 PM NZDT | By Team Kalkine Media

On 2nd December 2021, the equity market in NZ was weighed down by the selling pressure which was witnessed on the financial stocks. On the same day, NZX 50 Index fell by 0.53% and NZX 10 Index declined by 0.77%. Also, NZX All Financials has witnessed a fall of 1.62% and NZX All Information Technology fell by 1.54%.

 Major S&P/NZX Indices Movement

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

Performance of Indices:

NZX 50 Index closed at 12,670.24, implying ~0.46% decline in the time span of the past 1 year. MidCap Index and SmallCap Index ended at 6,268.71 and 23,065.86 points, respectively.

S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – Performance Over One Year

Image Description: S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – Performance Over One Year

Source: EODHD/Others

Gainers and Losers:

DGL Group Limited (NZX: DGC) announced that it has wrapped up the acquisition of Austech Chemicals Pty Ltd (or Austech).

ArborGen Holdings Limited (NZX: ARB) rose by 4.17% to NZ$0.250 per share.

Top 5 Gainers and Losers on 2 December 2021

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

Movement on Wall Street:

On 1st December 2021, NASDAQ Composite fell by 1.83% to 15,254.05. Notably, Dow Jones Industrials Average declined by 1.34% to 34,022.04.

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


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