Market Updates

Broad-Based Selling in Stocks, Primarily in IT Index, Pulled the Broader NZ Market Lower

 Broad-Based Selling in Stocks, Primarily in IT Index, Pulled the Broader NZ Market Lower

On 20th September 2021, the broader NZ market ended the session in red as significant selling was witnessed in the Information Technology Stocks followed by Consumer Discretionary and Financial stocks, among others. Notably, NZX 50 Index fell by 0.42...

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US stocks rise on vaccine hopes, positive economic outlook

US stocks rise on vaccine hopes, positive economic outlook

Benchmark S&P 500 and NASDAQ composite closed at record highs for the second consecutive day on Tuesday, August 24, after significant gains in consumer discretionary and energy segments. The S&P 500 was up 0.15% to 4,486.23. The Dow Jones ro...

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NZ50 Index Ended Positive, Primarily Led by Buying in Financials stocks, Among Others Factors

NZ50 Index Ended Positive, Primarily Led by Buying in Financials stocks, Among Others Factors

On 24th August 2021, the NZ50 Index clsoed in positive territory, primarily driven by significant buying in the Financials stocks, followed by Consumer Staples as well as IT stocks, among others. Notably, NZX 50 Index rose 0.06% to 13,071.86 and NZX ...

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S&P 500, Nasdaq hit record highs after tech, energy stocks rally

S&P 500, Nasdaq hit record highs after tech, energy stocks rally

Benchmark US indices closed at record highs on Monday, August 23, pulled up by gains in technology and energy segments as investors turned their focus on riskier assets amid hopes of a faster economic recovery. The S&P 500 was up 0.85% to 4,479....

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Significant Buying in Energy Stocks Pulled the Broader NZ Market Up

Significant Buying in Energy Stocks Pulled the Broader NZ Market Up

On 23rd August 2021, the broader NZ market was supported by the significant buying in the Energy stocks, followed by Information Technology and Industrials stocks, among others. Notably, NZX All Energy rose by 12.99% and NZX 50 Index increased by 0.9...

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US indices close higher as tech, consumer stocks rally

US indices close higher as tech, consumer stocks rally

Benchmark US indices closed higher on Friday, August 20, propelled by gains in technology stocks after investors ignored concerns of delta infections that threatened to halt the economic recovery. The S&P 500 was up 0.81% to 4,441.67. The Dow Jo...

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Selling in Consumer and Material Stocks Weighed Over Broader Market

Selling in Consumer and Material Stocks Weighed Over Broader Market

On 20th August 2021, the broader NZ market closed the session in red, primarily driven by significant selling in Materials and Consumer Staples stocks, among others. However, the losses were restricted due to buying in Energy stocks, among others. No...

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Buying in Communications Services Stocks Helped Broader NZ Market

Buying in Communications Services Stocks Helped Broader NZ Market

On 19th August 2021, the broader NZ market ended in green as significant buying was witnessed in the Communications Services stocks, followed by Materials stocks, among others. NZX 50 High Dividend Index rose by 2.76% and NZX All Materials increased ...

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Broader NZ Market was Supported by Buying in Healthcare Stocks

Broader NZ Market was Supported by Buying in Healthcare Stocks

On 18th August 2021, the broader NZ market ended the session in green, primarily driven by significant buying in the Healthcare stocks, amongh others. However, the gains were restricted due to selling pressure in Materials as well as Energy stocks, a...

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US stocks slip on retail data

US stocks slip on retail data

Benchmark US indices closed lower on Tuesday, August 17, dragged down by loss in mega-cap stocks and weaker-than-expected retail sales data. The S&P 500 was down 0.71% to 4,448.08. The Dow Jones fell 0.79% to 35,343.28. The NASDAQ Composite was ...

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Selling in Consumer Stocks Weighed Over Broader Market

Selling in Consumer Stocks Weighed Over Broader Market

On 17th August 2021, the broader NZ market ended the session in red as there was significant selling in Consumer Staples, Consumer Discretionary as well as Financials stocks, among others. Notably, NZX 50 Index fell by 0.67% to 12,635.32 and NZX 20 I...

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