S&P/NZX 50 Closed Lower by 1.08%, Dragged down by Industrials

By the end of the trading session on 25 July 2024, the benchmark index S&P/NZX 50 ended lower by 1.08% and settled at 12,396.270. Out of 11 sectors, 09 sectors closed higher along with the index.

Utilities and Consumer Staples were the top-gaining sector, gaining 0.61% and 0.09% respectively in their index values. On the other hand, Industrials and Information Technology were the top-losing sectors, losing 2.65% and 2.31% respectively in their index values.

Trade Window Holdings Limited (NZX: TWL) and Paysauce Limited (NZX: PYS) are the top-gaining stocks, gaining 15.89% and 8.70% in their stock prices. On the other hand, Marlin Global Limited (NZX: MLN) and Mainfreight Limited (NZX: MFT) are the top-losing stocks and are declining by 10.34% and 8.13% in their stock prices.

Copyright © 2022 Kapitales Research

Top gainers for the day:

• Utilities (Up 0.61%)
• Consumer Staples (Up 0.09%)

Top losers for the day:

• Industrials (Down 2.65%)
• Information Technology (Down 2.31%)

Other Factors influencing the market:

• New strategies for investor stewardship are being explored, aiming to go beyond traditional ESG, company engagement, and proxy voting approaches.
• The FMA has issued new guidance for brokers and custodians on complying with the Financial Markets Conduct Act (FMC Act) regarding handling client money and property services.
• Australian mining firm Santana Minerals, ticker symbol SMI, saw a 3.05% increase to $1.35 on its first trading day on the New Zealand Exchange (NZX), marking the second listing on the exchange this year.
• Oil prices increased in the previous session as traders considered a larger-than-expected decrease in U.S. crude inventories alongside a subdued global demand outlook.
• The Dow Jones Industrial Average rose by 1.25%, the S&P 500 increased by 2.31%, and the NASDAQ Composite gained 3.64%.
• The Hang Seng Index fell by 1.80%, and the FTSE 100 decreased by 0.17% 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