Selling in IT Stocks Witnessed: A Quick Look

1 min read | November 25, 2021 08:08 PM NZDT | By Team Kalkine Media

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On 25^th November 2021, the NZ market was influenced by the selling witnessed in the IT stocks and buying encountered in the healthcare stocks. On the same day, NZX 50 Index and NZX 20 Index rose by 0.19% and 0.36%, respectively. Notably, NZX All Information Technology declined by 2.75%.

Major S&P/NZX Indices Movement

Performance of Indices:

NZX 50 Index closed at 12,794.61, implying ~1.00% increase in the time span of the past 1 year. MidCap Index and SmallCap Index closed at 6,282.78 and 23,263.96 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: EODHD/Others

Gainers and Losers:

Gentrack Group Limited (NZX: GTK) released the results for the full-year ended 30^th September 2021. Its revenue amounted to $105.7 Mn, reflecting a rise of 5.2% on FY 2020 as well as in line with the guidance.

Fisher & Paykel Healthcare Corporation Limited (NZX: FPH) rose by 4.91% to NZ$33.780 per share.

Top 5 Gainers and Losers on 25 November 2021

Movement on Wall Street:

On 24^th November 2021, NASDAQ Composite rose by 0.44% to 15,845.23. Notably, Dow Jones Industrials Average declined by 0.03% to 35,804.38.

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

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