S&P/NZX 50 Closed Lower by 0.82%, Dragged down by Energy

By the end of the trading session on 19 June 2024, the benchmark index S&P/NZX 50 ended lower by 0.82% and settled at 11,671.190.  Out of 11 sectors, 10 sectors closed lower along with the index.

Financial was the top-gaining sector, gaining 0.03% respectively in their index values. Energy and Industrials was the top-lossing sectors, lossing 3.10% and 1.33% respectively in their index values. 

New Talisman Gold Mines Limited (NZX: NTL) and Bremworth Limited (NZX: BRW) are the top-gaining stocks, gaining 9.52% and 7.89% in their stock prices. On the other hand, Geneva Finance Limited (NZX: GFL) and Greenfern Industries Limited (NZX: GFI) are the top-losing stocks and are declining by 23.08% and 21.05% in their stock prices.

Copyright © 2022 Kapitales Research

Top gainer for the day:

• Financial (Up 0.03%)

Top loser for the day:

• Energy (Down 3.10%)
• Industrials (Down 1.33%)

Other Factors influencing the market:

• The Financial Markets Authority and the External Reporting Board have jointly created guides to help understand climate statements now being published by climate reporting entities.
• The Financial Markets Authority (FMA) has released an information sheet aimed at smaller firms to help them establish and maintain a Fair Conduct Programme (FCP) and apply for a Financial Institution (CoFI) licence.
• A mortgage adviser with experience in both Australia and New Zealand criticizes the Australian system for accepting mortgage applications through an outdated portal, noting that much depends on the portal.
• Oil prices have risen to their highest in over a month due to risk-on sentiment boosting global markets.
• The Dow closed up by 0.15%, the S&P 500 rose by 0.25%, and the NASDAQ ended slightly higher by 0.02%.
• The Hang Seng index is down by 0.11%, while the FTSE 100 is up by 0.60%.

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