Selling in NZ Market Witnessed After Wall Street Ended in Red

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Selling in NZ Market Witnessed After Wall Street Ended in Red

 Selling in NZ Market Witnessed After Wall Street Ended in Red
Image source: Copyright © 2021 Kalkine Media Pty Ltd.

On 6th January 2022, the equity market of NZ ended in red. This was witnessed after huge selling was encountered in the broader US markets. On the same day, NZX 50 Index and NZX 20 Index declined by 1.27% and 1.31%, respectively. Also, NZX All Information Technology witnessed a decline of 2.56%.

Major S&P/NZX Indices Movement

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

Performance of Indices:

NZX 50 Index closed at 12,983.01 which implies ~2.63% decline in the time span of the previous 1 year. MidCap Index and SmallCap Index closed at 6,545.19 and 24,144.23 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, PaySauce Limited (NZX: PYS) stated that Shelley Ruha has been appointed to the post of independent Director as well as intended Chair of the board. The appointment would become effective from 17th February 2022.

Scott Technology Limited (NZX: SCT) rose by 6.57% to NZ$3.570 per share.

Top 5 Gainers and Losers on 06 January 2022

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

Movement on Wall Street:

On 5th January 2022, NASDAQ Composite declined by 3.34% to 15,100.17. Notably, Dow Jones Industrials Average fell by 1.07% to 36,407.11.

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

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