Market Close: New Zealand equities are approaching another weak close

Deal

January 14, 2022 02:35 am

A drop in the share price of Fisher and Paykel Healthcare helped push the stock market lower. Pboto / Provided

The New Zealand stock market ended a miserable week with its fourth decline after another sell-off on Wall Street.

Even an upbeat business report from Michael Hill International could not inspire the local market.

The S & P / NZX 50
The index started falling at midday after its Australian counterpart opened weakly. The index closed at 12,790.16, down 36.82 points or 0.29 percent after hitting a morning high of 12,847.33 and improving at the end of the day.

The index fell nearly 1.4 percent for the week. On another quiet trading day, 23.16 million shares worth $ 102.52 million changed hands and there were 54 gains and 86 losers across the market.

The S & P / ASX 200 Index fell 0.95% to 7403.3 at 5:45 pm New Zealand time.

Michael Hill International it slipped 2 cents to $ 1.51 after posting strong growth for the quarter ended December 26.

Sales across all stores increased 9.8% from $ 198 million (NZ $ 210 million) to $ 217.5 million ($ 230.7 million), despite 2,381 lost trading days in New Zealand , Australia and Canada. Online sales increased by 28% and accounted for 8.2% of total sales.

The jewelry retailer has now experienced 10 quarters of in-store sales growth over Q3 2019 and has increased its latest half-year operating earnings (EBIT) projected to $ A49- $ 53 million, up from $ 44.6 million in the year. corresponding previous period.

It has been a soggy day for retailers. The Warehouse Group it fell 11 cents or 3.05 percent to $ 3.50; Briscoe Group it fell 19 cents or 2.86 percent to $ 6.45; Hallenstein Glasson lose 5 cents at $ 6.88; And Holding of Kathmandu it fell 2 cents to $ 1.40.

Shares in retirement villages were again volatile. Ryman Healthcare it fell 35 cents or 2.87 percent to $ 11.83, hitting an early December low; Equity investments of the Summerset group it was down 17 cents to $ 13.20; Arvida rose 3 cents to $ 1.92; And Health of Oceania earned 3 cents or 2.36 percent at $ 1.30.

Market leader Fisher and Paykel Healthcare fell 40 cents to $ 31.48; a2 Milk lost another 5 cents to $ 5.71; Synlait it fell 4 cents to $ 3.49; Mercury it fell 11 cents or 1.8 percent to $ 6; SkyCity entertainment decreased by 5 cents to $ 2.90; And Serko it lost 17 cents or 2.75 percent to $ 6.01.

Port of Tauranga lost 10 cents to $ 6.53, approaching a low of $ 6.51 on November 4; Pushpay holdings it fell 3 cents or 2.36 percent to $ 1.24; Goodman Property Trust it fell 5.5 cents or 2.08 percent to $ 2.59; And Properties of kiwi it fell 3 cents or 2.52 percent to $ 1.16.

NZME it fell another 4 cents or 3.1 percent to $ 1.25; Move logistics it fell 5 cents or 2.94 percent to $ 1.65; DGL Group it decreased 9 cents or 2.86 percent to $ 3.06; Gentrack lost 6 cents or 3.06 percent to $ 1.90; And Agreement group it fell 6 cents or 3.13 percent to $ 1.86.

EBOS Group raised from 18 cents to $ 40; Main transport earned $ 1.10 to $ 93; Contact Energy rose 14 cents or 1.77 percent to $ 8.04; Scale Corporation increased 13c or 2.49 percent to $ 5.35; Tourist participations raised 7c or 2.55 percent at $ 2.82; and invigorated Steel tube it rose 6 cents or 3.68 percent to $ 1.69.

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