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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Selling in Materials and Utilities Stocks Impacted NZ Market

Selling in Materials and Utilities Stocks Impacted NZ Market

On 9th August 2021, the broader NZ market ended the session in red as significant selling was witnessed in Materials as well as Utilities stocks, among others. However, Energy stocks witnessed some buying, among others. Notably, NZX 50 Index declined...

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S&P 500, Dow Jones rise after strong jobs report

S&P 500, Dow Jones rise after strong jobs report

The S&P 500 Index and Dow Industrial Average ticked up after the Labor Department reported strong jobs growth in July, but NASDAQ Composite declined as technology heavyweights wavered. The S&P 500 was up 0.17% to 4,436.52. The Dow Jones gain...

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Significant Buying in Energy and Financials Stocks Supported NZ Market

Significant Buying in Energy and Financials Stocks Supported NZ Market

On 6th August 2021, the broader NZ market ended the session in green as significant buying was witnessed in the Energy and Financials stocks, among others. However, selling pressure was seen in Consumer Staples stocks that ristricted the gains of ben...

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Decline in Broader Market Primarily Led by Communications Services and Energy Stocks

Decline in Broader Market Primarily Led by Communications Services and Energy Stocks

On 5th August 2021, the broader NZ market was impacted by the selling pressure witnessed in the Communications Services, Energy, IT stocks, among others. Notably, NZX 50 Index fell by 0.34% to 12,754.33 and NZX 20 Index declined by 0.35% to 8,116.01....

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US stocks slip on weak jobs data

US stocks slip on weak jobs data

The blue-chip S&P 500 and Dow Jones Industrial Average declined from the previous close, and the tech-heavy NASDAQ Composite closed flat on Wednesday, August 4, after weak jobs data failed to enthuse the investors in a lacklustre session marked b...

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Broader NZ Markets Ended in Green: What Should Investors Do?

Broader NZ Markets Ended in Green: What Should Investors Do?

On 4th August 2021, the broader NZ market ended the session in green as significant buying was witnessed in Consumer Staples as well as Real Estate stocks, among others. NZX 50 Index rose by 0.76% to 12,797.29 and NZX 20 Index increased by 0.75%. Als...

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US markets edge higher on earnings optimism

US markets edge higher on earnings optimism

Benchmark US indices closed higher on Tuesday, August 3, boosted by gains in healthcare and technology stocks and optimism about strong quarterly earnings of blue-chip companies. The S&P 500 was up 0.82% to 4,423.15. The Dow Jones gained 0.80% t...

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Selling in Energy, Consumer Staples, and Industrials Stocks Impacted Broader Market

Selling in Energy, Consumer Staples, and Industrials Stocks Impacted Broader Market

On 3rd August 2021, the broader NZ market witnessed the impact of significant selling in the Energy, Consumer Staples as well as Industrials stocks, among others. Notably, NZX 50 Index declined by 0.02% to 12,700.50 and NZX 20 Index rose by 0.10% to ...

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US markets end flat; consumer, healthcare stocks gain

US markets end flat; consumer, healthcare stocks gain

Benchmark US indices closed flat on Monday, August 2, as investors started trading in the new month with a subdued note amid concerns over rising cases of covid infections from delta mutant. The S&P 500 was down 0.18% to 4,387.16. The Dow Jones ...

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Buying in Healthcare and Consumer Stapels Space Helped NZ Market

Buying in Healthcare and Consumer Stapels Space Helped NZ Market

On 2nd August 2021, the broader NZ market ended the session in green as significant buying was witnessed in the Healthcare and Consumer Staples stocks, among others. However, Information Technology pulled the broader market lower, as the sector came ...

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