Selling in Healthcare Stocks Impacted Market in NZ

2 min read | January 19, 2022 08:04 PM NZDT | By Team Kalkine Media

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On 19^th January 2022, the equity market in NZ closed in red after huge selling was encountered in the healthcare stocks. Also, the selling pressure was witnessed on the IT stocks. On the same day, NZX 50 Index and NZX 20 Index declined by 1.58% and 1.59%, respectively. Also, NZX All Health Care has declined by 2.57%.

Major S&P/NZX Indices Movement

Performance of Indices:

NZX 50 Index closed at 12,612.31, reflecting ~2.09% decline in the time span of the previous 1 year. MidCap Index and SmallCap Index ended at 6,386.73 and 23,166.88 points, respectively.

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

Source: EODHD/Others

Gainers and Losers:

Recently, Greenfern Industries Limited (NZX: GFI) stated that, after the market closed on 7^th January, GFI reached an agreement with Cannvalate Pty Ltd to help GFI to develop it’s cannabis medicine sales in Australia that are marketed under GFI Pharma brand.

ikeGPS Group Limited (NZX: IKE) rose by 3.80% to NZ$0.820 per share.

Top 5 Gainers and Losers on 19 January 2022

Movement on Wall Street:

On 18^th January 2022, NASDAQ Composite fell by 2.60% to 14,506.90. Notably, Dow Jones Industrials Average declined 1.51% to 35,368.47.

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

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