Selling in Utilities Sector Impacted Markets in NZ

On 6th December 2021, the broader NZ market closed in red after significant selling was witnessed in the utilities sector. On the same day, NZX 50 Index has witnessed a fall of 0.62% and NZX 20 Index has declined by 0.73%. Also, NZX All Utilities has encountered a decline of 2.25% and NZX All Information Technology fell by 0.82%.

Major S&P/NZX Indices Movement

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

Performance of Indices:

NZX 50 Index closed at 12,597.81, implying ~0.46% decline in the time frame of the past 1 year. MidCap Index and SmallCap Index ended at 6,243.10 and 23,087.88 points, respectively.

S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – Performance Over One YearS&P/NZX 50 Index vs SmallCap Index vs MidCap Index – Performance Over One Year

Source: REFINITIV

Gainers and Losers:

Vulcan Steel Limited (NZX: VSL) released the trading update which relates to the financial year ending 30th June 2022 (or FY 2022). The company’s overall revenue rose by 35% YoY for the five months ended 30th November 2021.

Metro Performance Glass Limited (NZX: MPG) increased by 2.78% to $0.370 per share. PGG Wrightson Limited (NZX: PGW) rose 2.53% to $4.460 per share.

Top 5 Gainers and Losers on 6 December 2021

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

Movement on Wall Street:

On 3rd December 2021, NASDAQ Composite declined by 1.92% to 15,085.47. Also, Dow Jones Industrials Average fell by 0.17% to 34,580.08.

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

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