Value Buying Primarily in IT and Healthcare Stocks Pulled NZ Market Up

On 17th September 2021, the broader NZ market closed the session in the green as significant buying was witnessed in the Information Technology stocks, followed by Healthcare and Utilities stocks, among others. Notably, NZX 50 Index rose by 1.19% to 13,234.55 and NZX 20 Index increased by 1.14% to 8,333.70. Also, NZX All Information Technology rose by 1.88%.

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

Performance of Indices:

NZX 50 Index closed at 13,234.55, reflecting ~12.38% increase in the time span of the previous 1 year. Notably, MidCap Index and SmallCap Index ended at 6,682.04 and 22,978.07 points, respectively.

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

Source: REFINITIV

Gainers and Losers:

Pushpay Holdings Limited (NZX: PPH) has recently released investor day presentation. As per the presentation, Resi happens to be the high growth SaaS company. It specialises in the high-quality transmission for web as well as multisite streaming providing end-to-end solutions to the customers.

Accordant Group Limited (NZX: AGL) rose by 5.11% to NZ$1.850 per share.

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

Movement on Wall Street:

On 16th September 2021, NASDAQ Composite increased 0.13% to 15,181.92. Notably, Dow Jones Industrials Average declined 0.18% to 34,751.32.

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

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