Last week was not a good one for the NZX50. Capitalisation dropped -1.4%.
For comparison, the ASX200 rose a marginal +0.2%, Tokyo was up a stellar +4.3%, Hong Kong rose +2.2%, Singapore was up 2.4%, and even Wall Street gained with the S&P500 up +0.2% to near all-time highs. Things were better in Europe too. So the NZX50's drop was unusual and investors would have been disappointed.
But as you can see from the table above, not every sector lost ground.
Obviously Fletcher Building weighed on the market with its -7.0% drop in the industrials sector. It was a dive that took it down to #16 in the NZX50.
But again, the above table shows it wasn't the only big decliner.
Consumer cyclical, consumer goods, food and the property sector all chimed in with chunky falls.
Other companies falling sharply included The Warehouse Group (WHS) down -7.4%, Oceania Healthcare down -2.9%, and Heartland Group Holdings (HGH) down -1.5%.
These drops masked some good gains we should point out with Meridian Energy up +1.6%, ANZ up +1.2%, and Gentrack Group (GTK) leading the way in the technology sector with a gain of almost +4.9%.
You can find profiles for all the NZX50 companies here. We update these with the release of each annual report.
And each of the sectors listed above are charted here. A click on the chart name will reveal the companies we include in each sector (which is slightly different to the way the S&P/NZX sectors are built).
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