Selling in Materials Sector Impacts NZ Market

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Selling in Materials Sector Impacts NZ Market

 Selling in Materials Sector Impacts NZ Market
Image source: Copyright © 2022 Kalkine Media

On 14th March 2022, the broader equity market of NZ closed the session in red after significant selling pressure was encountered on the materials sector. Also, NZX 50 Index declined by 0.19% and NZX 20 Index fell by 0.13%.

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

Image Description: Major S&P/NZX Indices Movement

Performance of Indices:

NZX 50 Index closed at 11,805.11, reflecting ~6.25% decline in the time span of the previous 1 year. MidCap Index and SmallCap Index closed at 5,852.21 and 21,363.16 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, DGL Group Limited (NZX: DGC) announced about the strategic acquisition of RLA Polymers NZ Limited.

Tourism Holdings Limited (NZX: THL) rose by 5.28% to NZ$2.590 per share.

Top 5 Gainers and Losers on 14 March 2022

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

Movements on Wall Street:

On 11th March 2022, NASDAQ Composite Index fell 2.18% to 12,843.81. Notably, Dow Jones Industrials Average fell by 0.69% to 32,944.19.

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

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