Selling in Healthcare Stocks Impacted NZ Market

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Selling in Healthcare Stocks Impacted NZ Market

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

On 20th January 2022, the equity market of NZ closed on an unfavourable note. Notably, significant selling was witnessed in the healthcare as well as consumer discretionary stocks. NZX 50 Index and NZX 20 Index declined by 0.91% and 1.02%, respectively. Also, NZX All Health Care has witnessed a fall of 1.23%.

Major S&P/NZX Indices Movement

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

Performance of Indices:

NZX 50 Index closed at 12,497.10, implying ~4.06% decline in the time span of the previous 1 year. MidCap Index and SmallCap Index ended at 6,308.62 and 23,237.46 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:

The Board of Smartpay Holdings Limited (NZX: SPY) provided the trading update as third quarter to 31 December 2021 of FY 2022 has been completed. Its consolidated revenue rose by 43% on the YoY basis.

PGG Wrightson Limited (NZX: PGW) rose by 5.57% to NZ$5.690.

Top 5 Gainers and Losers on 20 January 2022

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

Movement on Wall Street:

On 19th January 2022, NASDAQ Composite fell by 1.15% to 14,340.26. Notably, Dow Jones Industrials Average declined by 0.96% to 35,028.65.

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

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