S&P/NZX50 Falls After Dow Jones Experienced a Sell-off

1 min read | September 09, 2020 09:18 PM NZST | By Team Kalkine Media

Most of the Sectors Ended in Red: On September 9, 2020, S&P/NZX50 ended the session in red as there was a fall of 1.32% to 11,739.11 while S&P/NZX20 encountered a decline of 1.42% to 7,781.50. On the same day, S&P/NZX10 fell 1.57% to 2,082.16. The technology sector witnessed a hit as the sector was down by 2.63%. However, the impact was also felt in other sectors like Consumer cyclicals (-2.12%) and Financials (-1.94%).

Sector Summary (Source: EODHD/Others (Thomson Reuters))

Top Movers: Sky Network Television Limited (NZX: SKT) (up 3.11%), Trustpower Limited (NZX: TPW) (up 1.56%), Skellerup Holdings Limited (NZX: SKL) (up 1.05%). Conversely, Napier Port Holdings Limited (NZX: NPH) (down 4.12%) and Tourism Holdings Limited (NZX: THL) (down 3.79%).

Top Movers (Source: EODHD/Others (Thomson Reuters))

Movements on Wall Street: New Zealand markets track the performance of the US markets. On September 8, 2020, Dow Jones Industrial Average witnessed a fall of 2.25% to 27,500.89. Also, S&P 500 Index encountered a decline of 2.78% to 3,331.84. The decline was primarily led by the technology stocks.


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