Significant Selling Encountered in NZ Market: A Quick Look

1 min read | October 05, 2021 05:51 PM AEDT | By Team Kalkine Media

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On 5^th October 2021, the broader NZ market ended in red as significant selling was witnessed in the healthcare as well as communications services stocks. Notably, NZX 50 Index and NZX 20 Index fell by 1.03% and 1.11%, respectively. Also, NZX All Health Care declined by 2.39%.

Performance of Indices:

NZX 50 Index closed at 13,199.99, reflecting ~10.94% rise in the past 1 year. MidCap Index and SmallCap Index ended at 6,610.18 and 22,786.71 points, respectively.

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

Source: EODHD/Others

Gainers and Losers:

Chatham Rock Phosphate Limited (NZX: CRP) has welcomed the decision of Supreme Court which was released this week with regards to the Trans-Tasman Resources (or TTR) application to mine up to 50 Mn tonnes of vanadium-rich sand a year approximately 20 kms off West Coast of the North Island.

Geo Limited (NZX: GEO) rose by 10% to NZ$0.198 per share.

Movement on Wall Street:

On 4^th October 2021, NASDAQ Composite declined by 2.14% to 14,255.48. Also, Dow Jones Industrials Average fell by 0.94% to 34,002.92.

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

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