S&P/NZX 50 Closed Higher by 0.61%, Lifted by Utilities

By the end of the trading session on 01 July 2024, the benchmark index S&P/NZX 50 ended higher by 0.61% and settled at 11,789.390.  Out of 11 sectors, 05 sectors closed higher along with the index.

Utilities and Consumer Staples were the top-gaining sector, gaining 2.58% and 1.39% respectively in their index values. Communications Services and Financials was the top-lossing sectors, lossing 0.84% and 0.84% respectively in their index values. 

Fletcher Building Limited (NZX: FBU) and Briscoe Group Limited (NZX: BGP) are the top-gaining stocks, gaining 6.36% and 5.94% in their stock prices. On the other hand, Rua Bioscience Limited (NZX: RUA) and Metro Performance Glass Limited (NZX: MPG) are the top-losing stocks and are declining by 8.16% and 6.41% in their stock prices.

Copyright © 2022 Kapitales Research

Top gainer for the day:

• Utilities (Up 2.58%)
• Consumer Staples (Up 1.39%)

Top loser for the day:

• Communications Services (Down 0.84%)
• Financials (Down 0.84%)

Other Factors influencing the market:

• Perpetual Guardian Limited recently acquired boutique fund manager Castle Point, following its previous purchase of the Private Wealth division of Trustees Executors Limited.
• The latest RBNZ sector lending figures show housing lending stock increased by $1.3 billion, or 0.4%, during the month, marking the largest monthly increase since April 2022.
• Oil prices remained within the narrowest trading range since 2021, ahead of US economic data that may influence broader markets.
• The Dow closed down by 0.12%, the S&P 500 decreased by 0.41%, and the NASDAQ ended 0.76% lower.
• The Hang Seng rose by 0.01%, while the FTSE 100 declined by 0.19% today.

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