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Here are the key changes to know about in the New Zealand equity market; NZX50 slips with Tower, Briscoes and Goodman Property. But Vulcan Steel, the Warehouse and Channel Infrastructure rise

Investing / news
Here are the key changes to know about in the New Zealand equity market; NZX50 slips with Tower, Briscoes and Goodman Property. But Vulcan Steel, the Warehouse and Channel Infrastructure rise
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Here are the key things you need to know about in the NZX markets over the past 24 hours. Changes are as at 3:00 pm and may change when the market closes at 4:45 pm.

WHAT THE NZX 50 INDEX IS DOING
The NZX 50 Index is currently down -0.3% today in afternoon trade, down -1.6% over the past five days. But over the last month, the index has risen by +1.1%, contributing to an overall year-on-year gain of +16.2%.

THE MAIN GAINERS
There are 39 gainers in the equity market today, led by Vulcan Steel (VSL, #27) which is up +3.1% on the day, The Warehouse (WHS, #47) up +2.9%, and Channel Infrastructure (CHI, #36) up +1.7%.

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THE MAIN DECLINERS
Among the 41 decliners today, Tower (TWR, #50) has dropped -3.7% on the day, Briscoes (BGP) is down -2.3% and Goodman Property (GMT, #15) is down -1.7%.

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SMARTSHARES EFTs

  1-day 5-day 6-month YTD 1Y
NZ Top 50 ETF (FNZ) +0.1% -0.2% +4.9% +4.5% +12.1%
NZ Top 10 ETF (TNZ) +0.3% -1.0% +4.0% +5.0% +14.4%
S/P NZX50 ETF (NZG) +0.2% -0.9% +4.9% +6.7% +14.9%
NZ Dividend ETF (DIV) -0.1% -0.3% +2.9% -0.6% +4.7%

KEY ANNOUNCEMENTS

Vulcan Steel released its annual meeting presentation, which is here.

 

NZX50 Industrial Sector

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Source: NZX
Source: NZX
Source: NZX

Click on the chart title to find more about this sector, including its components.

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1 Comments

WHS. Not sure. Really not sure. Maybe. Maybe not. Too many recent 'projects' have wasted funds. Back to basics?

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