Selling in IT Sector Primarily Impacted NZ Market

2 min read | November 10, 2021 08:01 PM NZDT | By Team Kalkine Media

On 10th November 2021, the equity market in NZ ended the session in red after selling was witnessed in the technology sector. NZX All Information Technology fell by 5.18%. On the same day, NZX 50 Index and NZX 20 Index witnessed a fall of 0.52% and 0.40%, respectively. Also, NZX 10 Index fell by 0.47%.

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

Performance of Indices:

NZX 50 Index closed at 13,022.46, reflecting ~3.25% growth in the time frame of the past 1 year. MidCap Index and SmallCap Index closed at 6,451.49 and 23,339.70 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  Gainers and Losers:

Source: EODHD/Others

Gainers and Losers:

Pushpay Holdings Limited (NZX: PPH) stated that it is anticipating to achieve underlying EBITDAFI for the year ending 31st March 2022 of between US$60.0 Mn-US$65.0 Mn. The uncertainties as well as impacts surrounding the pandemic as well as the broader US economic environment are still there.

Harmoney Corp Limited (NZX: HMY) declined by 3.63% to NZ$1.860 per share.

Top 5 Gainers and Losers on 10 November 2021

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

Movement on Wall Street:

On 9th November 2021, NASDAQ Composite declined by 0.60% to 15,886.54. Notably, Dow Jones Industrials Average fell 0.31% to 36,319.98.

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


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