Selling in Healthcare Stocks Weighed Over NZ Market

On 9th December 2021, the broader equity market of NZ closed in red after significant selling was encountered in the healthcare stocks. On the same day, NZX 50 Index and NZX 20 Index witnessed a fall of 0.81% and 0.77%, respectively. Also, NZX All Health Care has declined 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 12,771.83, which implies ~0.91% fall in the time span of the previous 1 year. MidCap Index and SmallCap Index closed at 6,356.12 and 23,101.33 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, Wellington Drive Technologies Limited (NZX: WDT) announced about the appointment of David Burden as Chief Customer Officer.

DGL Group Limited (NZX: DGC) rose by 6.40% to NZ$2.660 per share.

Top 5 Gainers and Losers on 9 December 2021

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

Movement on Wall Street:

On 8th December 2021, NASDAQ Composite increased by 0.64% to 15,786.99. Notably, Dow Jones Industrials Average rose 0.10% to 35,754.75.

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

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