S&P/NZX50 Ended in Red; Pulled down by Telecommunications Services Sector

  • September 17, 2020 07:44 PM NZST
  • Team Kalkine
S&P/NZX50 Ended in Red; Pulled down by Telecommunications Services Sector

On September 17, 2020, S&P/NZX50 closed the session in red as there was a fall of 0.32% to 11,777.13 while S&P/NZX20 witnessed a decline of 0.62% to 7,779.16. On the same day, S&P/NZX10 fell by 0.73% to 2,071.26. Telecommunications services sector witnessed a fall of 2.19% while technology sector encountered a fall of 1.10%. On the flip side, energy sector rose by 1.46% and consumer cyclicals sector increased by 1.30%.

Sector Summary (Source: Refinitiv  (Thomson Reuters))

Sector Summary (Source: Refinitiv (Thomson Reuters))

Top Movers: Heartland Group Holdings Ltd (NZX: HGH) (up by 5.88%), Fletcher Building Ltd (NZX: FBU) (up by 2.99%) and Ryman Healthcare Ltd (NZX: RYM) (up by 2.04%). Conversely, Mercury NZ Ltd (NZX: MCY) fell by 3.04% and Spark New Zealand Ltd (NZX: SPK) declined 2.40%.

Top Movers (Source: Refinitiv  (Thomson Reuters))

Top Movers (Source: Refinitiv (Thomson Reuters))

Movements on Wall Street:

On September 16, 2020, Dow Jones Industrial Average witnessed an increase of 0.13% to 28,032.38. On the other hand, NASDAQ Composite fell 1.25% to 11,050.47.


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