Selling in Financial Stocks Impacted NZ Market

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Selling in Financial Stocks Impacted NZ Market

 Selling in Financial Stocks Impacted NZ Market
Image source: Copyright © 2021 Kalkine Media Pty Ltd.

On 29th November 2021, the NZ equity market closed in red after significant selling was encountered in the financial stocks. Also, selling was witnessed in the IT and consumer discretionary stocks. On the same day, NZX 50 Index fell by 0.79% and NZX 20 Index declined by 0.65%.

Major S&P/NZX Indices Movement

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

Performance of Indices:

NZX 50 Index closed at 12,531.66, implying ~1.86% decline in the time span of the previous 1 year. MidCap Index and SmallCap Index closed at 6,168.70 and 23,052.60 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:

TruScreen Limited (NZX: TRU) has released interim results (unaudited) for the half-year ended 30th September 2021. The company has posted robust revenue and Single Use Sensor sales growth of 25% and 35% YoY, respectively.

Cannasouth Limited (NZX: CBD) rose by 4.11% to NZ$0.380 per share.

Top 5 Gainers and Losers on 29 November 2021

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

Movement on Wall Street:

On 26th November 2021, NASDAQ Composite declined 2.23% to 15,491.66. Notably, Dow Jones Industrials Average fell by 2.53% to 34,899.34.

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

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