S&P/NZX 50 Closed Higher by 0.63%, Lifted by Consumer Staples

By the end of the trading session on 30 July 2024, the benchmark index S&P/NZX 50 ended higher by 0.63% and settled at 12,391.050. Out of 11 sectors, 08 sectors closed higher along with the index.

Consumer Staples and Healthcare were the top-gaining sector, gaining 3.10% and 1.28% respectively in their index values. On the other hand, Energy and Information Technology were the top-losing sectors, losing 0.67% and 0.34% respectively in their index values.

RTO Limited (NZX: RTO) and Greenfern Industries Limited (NZX: GFI) are the top-gaining stocks, gaining 33.33% and 10.20% in their stock prices. On the other hand, New Talisman Gold Mines Limited (NZX: NTL) and Burger Fuel Group Limited (NZX: BFG) are the top-losing stocks and are declining by 5.26% and 4.84% in their stock prices.

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Top gainers for the day:

• Consumer Staples (Up 3.10%)
• Healthcare (Up 1.28%)

Top losers for the day:

• Energy (Down 0.67%)
• Information Technology (Down 0.34%)

Other Factors influencing the market:

• New Talisman Gold Mines Limited (NZX: NTL) made significant progress in the quarter ending June 30, 2024, by entering into a Heads of Agreement with Terra Firma Mining Ltd (TFM) to lease premises and process ore from the Talisman Mine, marking a key advancement in its operational capabilities.
• Quotemonster, a provider of life and health insurance quotes, has introduced a KiwiSaver comparison and research service, responding to increased demand from its subscribers, half of whom now offer KiwiSaver advice.
• Fisher and Paykel Healthcare and a2 Milk, benefiting from a weaker currency, led the New Zealand sharemarket higher, each rising over 0.5%.
• Oil prices remained stable near a seven-week low due to uncertain demand prospects, particularly in China, the world's largest importer.
• The Dow closed down 0.12%, the S&P 500 increased by 0.08%, and the NASDAQ rose by 0.07%.
• The Hang Seng index climbed 1.28%, while the FTSE 100 edged up 0.08%.

Top 5 Gainers and Losers Scoreboard:

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