On October 22, 2020, S&P/NZX50 ended the session in red as there was a fall of 0.20% to 12,407.29 and S&P/NZX20 declined by 0.20% to 8,125.83. Also, S&P/NZX10 witnessed a fall of 0.35% to 2,167.38. Energy sector witnessed a rise of 2.05% and financials sector fell by 1.21%.
Sector Summary (Source: Refinitiv (Thomson Reuters))
Top Movers: NZX Ltd (NZX: NZX) (up by 2.91%), Auckland International Airport Ltd (NZX: AIA) (up by 2.22%) and Z Energy Ltd (NZX: ZEL) (up by 2.05%). On the other hand, Chorus Ltd (NZX: CNU) witnessed a fall of 2.11%.
Top Movers (Source: Refinitiv (Thomson Reuters))
Movements on Wall Street:
On October 21, 2020, Dow Jones Industrial Average witnessed a fall of 0.35% to 28,210.82. Also, NASDAQ Composite encountered a fall of 0.28% to 11,484.69.
Perception around gold has been undergoing a paradigm shift and is now seen as a crucial strategic asset, with changing macroeconomic conditions. A vibrant gold market has a positive impact on companies that are involved in the exploration and mining activities.