Selling in Healthcare Stocks Impacted Market in NZ

Be the First to Comment Read

Selling in Healthcare Stocks Impacted Market in NZ

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

On 19th 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

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

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

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

Source: REFINITIV

Gainers and Losers:

Recently, Greenfern Industries Limited (NZX: GFI) stated that, after the market closed on 7th 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

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

Movement on Wall Street:

On 18th 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 REFINITIV

Disclaimer

Speak your Mind

Featured Articles

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK