S&P/NZX 50 Closed Higher by 0.88%, Lifted by Healthcare

By the end of the trading session on 17 July 2024, the benchmark index S&P/NZX 50 ended higher by 0.88% and settled at 12,292.030. All 11 sectors closed higher along with the index.

Healthcare and Consumer Staples were the top-gaining sector, gaining 1.34% and 1.19% respectively in their index values.

Black Pearl Group Limited (NZX: BPG) and Greenfern Industries Limited (NZX: GFI) are the top-gaining stocks, gaining 8.33% and 6.90% in their stock prices. On the other hand, RUA Bioscience Limited (NZX: RUA) and Bremworth Limited (NZX: BRW) are the top-losing stocks and are declining by 7.81% and 7.69% in their stock prices.

Copyright © 2022 Kapitales Research

Top gainer for the day:

• Healthcare (Up 1.34%)
• Consumer Staples (Up 1.19%)

Other Factors influencing the market:

• The New Zealand share market reached its highest level in 29 months, buoyed by a notable decrease in inflation, prompting optimism for potential early interest rate reductions.
• Flint Wealth, a management platform, has ceased operations due to Trustees Executors selling to Apex Group, leading to the termination of custodial and registry services previously provided to Flint.
• Perpetual Guardian Investments adjusted its Castle Point funds by divesting holdings in Synlait Milk and Move Logistics.
• Global oil prices increased recently, with Brent, the international benchmark, remaining close to a one-month low following concerns over weakening demand growth in China despite expectations of declining U.S. oil inventories.
• The Dow Jones Industrial Average concluded with a gain of 1.85%, the S&P 500 rose by 0.64%, and the NASDAQ Composite increased by 0.21%.
• Today, the Hang Seng Index rose by 0.12%, while the FTSE 100 experienced a slight decline of -0.11%.

Top 5 Gainers and Losers Scoreboard:

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com