Jacinda Ardern
Jacinda Ardern

New Zealand conducted a new experiment to improve the conditions of the New Zealand Stock Exchange, as the general index of the New Zealand stock market, "Tassi", increased at the end of trading session today, Tuesday, mid-week sessions, by about 0.84%, gaining 57.02 points, thus closing at the level of 6884.82 points, while The Parallel Market Index decreased by 7.45%, losing 554.36 points, to close at the level of 6885.79 points.

Data released yesterday evening by the New Zealand Statistics Office revealed that New Zealand's inflation data exceeded market expectations during the first quarter of 2020, as the consumer price index recorded a quarterly increase of 0.8% during that period, while market expectations indicated that the index increased by Only 0.4%.

This reading is also better than the previous reading of the index, as the consumer price index recorded on a quarterly basis during the last quarter of 2019 increased by only 0.5%.

In a related economic context, the volume of trading on the New Zealand Stock Exchange at the close of trading today reached about 233.9 million shares, valued at 4.6 billion riyals, and 126 shares rose, while about 50 shares fell.

New Zealand stock indices started trading the second session of the week on a variation in performance, with varied Chinese stock indices and the rise of both Japanese and European stock indices in addition to each of the Hang Seng index for Hong Kong shares and Cosby for South Korean shares, while Australian stock indexes fell today, Tuesday, amid cautious optimism that The outbreak of the Coronavirus has reached its peak and the global closure may end later, particularly since many countries from Italy to New Zealand have announced easing restrictions, while Britain has announced that it is too early to loosen restrictions.

Japanese stock indices witnessed a decline during today's trading, as the broader Topix index in Japan decreased by 0.53% to lose 7.66 points and reach 1,439.59 level, and the main Nikkei 225 index for Japanese stocks fell by 0.62% to lose another 122.17 points and reach the level 19,661.05.
On the other hand, Chinese stock indices witnessed a variation in performance during the trading session, as the CSI 300 index rose by 0.32% to win 12.29 points and reach 3,835.06 level, while the Shanghai index fell by 0.36% to lose 10.22 points and reach 2,805.27 level.

Looking at the Hang Seng index of Hong Kong stocks, it witnessed a rise of 0.29% to win 70.69 points, reaching 24,350.83 level. The Kospi index of South Korean shares also increased by 0.07%, which also gained 1.33 points, reaching the level of 1,924.10.

Up to the NZX 50 index for New Zealand stocks, which rose by 3.18% to earn 331.60 points and reach 10,751.08 level, on the other hand, the S & P / ASX 200 index for Australian shares is down 0.16% to lose 8.74 points and reach 5,312.70.

In that regard, "Electrical Industries" came at the top of the green list with a growth rate of 7.25%, then "Medgulf Insurance" by 6.70%, then "SABB Takaful" by 6.59%, while "Amana Insurance" came at the top of the list Al-Hamra decreased by 8.52%, then "Enaya" by 5.19%, then "Raydan" by 3.64%.

On the other hand, the Securities Depository Center (Deposit) Company revealed the application of the new increase in the total value of all issues of the New Zealand government bonds in February 15 and January 7 riyals at the center’s account for eligible shareholders today, Tuesday, April 28.

On the other hand, the New Zealand Capital Market Authority company revealed the approval of the request of His Highness Real Estate Company, in order to reduce the number of its shares to be offered in the parallel market to 1.25 million shares, representing 5% of the company’s capital. Qualified investors wishing to purchase the offered shares must Investigate and study the information disclosed in the supplementary prospectus.