S&P/NZX 50 Closed Higher by 1.11%, Lifted by Consumer Staples

By the end of the trading session on 13 June 2024, the benchmark index S&P/NZX 50 ended higher by 1.11% and settled at 11,872.640.  Out of 11 sectors, 10 sectors closed higher along with the index.

Consumer Staples and Materials were the top-gaining sector, gaining 2.87% and 2.58% respectively in their index values. Consumer Discretionary was the top-lossing sectors, lossing 0.24% respectively in their index values. 

PaySauce Limited (NZX: NZK) and Being AI Limited (NZX: BAI) are the top-gaining stocks, gaining 8.00% and 7.89% in their stock prices. On the other hand, RTO Limited (NZX: BRW) and Geneva Finance Limited (NZX: GFL) are the top-losing stocks and are declining by 25.00% and 7.14% in their stock prices.

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Top gainer for the day:

• Consumer Staples (Up 2.87%)
• Materials (Up 2.58%)

Top loser for the day:

• Consumer Discretionary (Down 0.24%)

Other Factors influencing the market:

• Enprise Group (NZX: ENS) has appointed Aaron Ridgway as a Non-Executive Director to its board.
• Air New Zealand's Chief Corporate Affairs Officer, Mat Bolland, will depart on July 31 as part of the airline's broader cost review.
• Perpetual Guardian Investments has already ended its relationship with Castle Point founder Richard Stubbs and is in discussions regarding the potential exit of another founder, Stephen Bennie, while the remaining founders, Jamie Young and Gordon Sims, will continue with the company.
• The recent significant drop in oil prices following OPEC+'s decision to reverse 2.2 million bbl/day in voluntary production cuts has been corrected.
• The Dow closed down 0.31%, the S&P 500 closed up 0.27%, and the NASDAQ ended higher by 0.88%.
• The Hang Seng index increased by 0.48%, and the FTSE 100 rose by 0.83% today.

Top 5 Gainers and Losers Scoreboard:

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