On 15th December 2021, the equity market of NZ ended in red after significant selling was witnessed in the IT stocks. On the same day, NZX 50 Index declined by 0.47% and NZX 20 Index declined by 0.41%. Also, NZX 10 Index has witnessed a decline of 0.30%. Notably, NZX All Information Technology fell by 1.45%.

Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Performance of Indices:
NZX 50 Index closed at 12,869.41, reflecting ~0.80% rise in the time span of the previous 1 year. MidCap Index and SmallCap Index closed at 6,472.60 and 23,192.94 points, respectively.
S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – Performance Over One Year

Source: EODHD/Others
Gainers and Losers:
Steel & Tube Holdings Limited (NZX: STU) raised its earnings guidance for the 6 months ended 31st December 2021 (or 1H FY 2022). This was due to continued robust trading throughout the company. EBIT is anticipated to be in the range of $20 Mn- $22 Mn and EBITDA is expected to be between $30 Mn- $32 Mn.
Wellington Drive Technologies Limited (NZX: WDT) rose by 5.78% to NZ$0.183 per share.

Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Movement on Wall Street:
On 14th December 2021, NASDAQ Composite fell by 1.14% to 15,237.64. Notably, Dow Jones Industrials Average declined 0.30% to 35,544.18.
Note: The reference data in this article has been partly sourced from EODHD/Others