On April 26, the New Zealand stock market ended in the red at the closing bell amid a rise in today’s seven-day moving average of the COVID-19 case count from last Tuesday.
The benchmark S&P/NZX 50 index closed Tuesday’s session at 11,813.180 basis points, down 0.80%. Indices such as the S&P/NZX All Health Care and S&P/NZX All Consumer Staples declined 1.17% and 1.915%, respectively.
The winners and laggards of NZX
Source: © 2022 Kalkine Media®
Pushpay Holdings Limited (NZX:PPH), Accordant Group Limited (NZX:AGL) and New Zealand King Salmon Investments Limited (NZX:NZK) were among those, jumping 24.27%, 8.47% and 5.88%, respectively Top NZX Winners. respectively.
Meanwhile, SMW Group Limited (NZX:SMW), Wellington Drive Technologies Limited (NZX:WDT) and Just Life Group Limited (NZX:JLG) were the biggest laggards, down 47.37%, 5.95% and 5, respectively. 88%
Among those who saw the highest trading volumes over the day were Air New Zealand Limited (NZX:AIR), Pushpay Holdings Limited (NZX:PPH), Spark New Zealand Limited (NZX:SPK) and Z Energy Limited (NZX:ZEL ).
Major global indices
Major Wall Street indices like the Dow Jones Industrial Average rose 0.70%, while the S&P 500 Index gained 0.57% as Tesla CEO Elon Musk inked a deal to own Twitter for a whopping sum of 34, £5 billion to take over.
On the other hand, the Shanghai Composite slipped 1.44% as mass testing orders were announced amid rising COVID-19 cases across China.
gold and oil prices
The precious metal rallied as gold futures rose 0.40% to $1,903.60 after nearly a week of downward movement.
Also on Tuesday, oil prices opened slightly higher after posting a sharp decline during the previous session on fears of COVID-19 lockdowns in China and the US dollar’s surge to a two-year high. In addition, experts indicate that supply risks related to Russia have also supported prices.
NZD/USD pair
At 0.6623, NZD/USD is in the green at the time of writing. It notes that the US dollar has rallied while the Chinese yuan has fallen amid resurgence of COVID-19 cases across China.
The crypto space is rising
The global crypto market cap has seen an increase of 5.19% over the past 24 hours, standing at $1.87 trillion at the time of writing. Additionally, the total crypto market volume saw a 24.46% increase from the previous day.
With the exception of Tether, which is tied to the dollar, all major cryptos like Bitcoin, Ethereum, Solana, XRP, etc. traded higher than at the close of the last day. Dogecoin is up 29.30% while Shiba Inu is up 7.31%.
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