Market close: NZ sharemarket falls more than half a per cent
1 Apr, 2021 04:40 AM
5 minutes to read
AFT Pharmaceuticals slumped 57c or 11.52 per cent to $4.38. Photo / 123RF
NZ Herald
By: Graham Skellern
The New Zealand sharemarket gave back much of its gains from the day before, falling more than half a per cent on steady trading as it entered the four-day Easter break. The S&P/NZX 50 Index fell 72.38 points or 0.58 per cent to 12,488.31, after rising 0.92 per cent on Wednesday. The index picked up in late trading, beforehand reaching an intraday low of 12,439.41.
There were 63 gainers and 74 decliners over the whole market, with 43.46 million shares worth $165.38 million changing hands.
trading debut on Wednesday.
IPO at $33, raising more than $500 million in proceeds.
Coursera s IPO gave the company a valuation of up to $4.3 billion.
Investors warmed up to the future prospects of Coursera and bid the stock higher in its first day of trading on Wednesday.
Shares of the online education company surged as much as 23%, hitting a high of $40.53. Coursera had priced its IPO at $33 per share, which was at the high end of its target range, giving it a valuation of $4.3 billion.
The share sale raised $519 million in proceeds for the company. Coursera s previous funding round in July was at a $2.6 billion valuation.
The SEC has opened an investigation into last week s Archegos Capital trades that sparked a $20 billion liquidation, according to a Bloomberg report. The routine
NEW DELHI: Banks across the country, barring Meghalaya and Mizoram, are closed for business as the lenders will devote the day to close the accounts for fiscal 2021. This could also impact how you trade in the market.
April 1, 2021, is a settlement holiday on account of annual bank closing. A settlement holiday is the day when trading is possible, but clearing and settlements are closed for payin and payout of stocks and funds.
“Your account balance will not include the following credits on April 1, 2021: Intraday profits made in the equity segment on March 30-31. Credits from trades made in equity F&O, currency, and commodity derivatives on March 31. This will include options premium credits, futures M2M profits, etc,” Zerodha said in a note.
Thunder Bridge Acquisition s Charts Look Familiar I ve seen this pattern on a number of SPACs since February. Stocks quotes in this article: THBR
For his second Executive Decision segment of
Mad Money Wednesday night, Jim Cramer spoke with Donald McClymont, chairman and CEO of Indie Semiconductor, the automobile chipmaker that will soon be merging with Thunder Bridge Acquisition (THBR) , a special purpose acquisition company, or SPAC.
Indie will trade under the ticker INDI.
McClymont explained that Indie was built slowly and carefully over the past 10 years. It takes a long time to establish yourself in the auto business, he said, and they have already done the hard work. There s a big backlog of products to build, which is why Indie is entering the public market to fund their expansion.