AUS
NZ
UK
CA
USA
IND
.jpg)
On 3rd May 2021, NZX 50 ended the session in green as the broader market witnessed some support from the buying witnessed in Communications, Materials, and Utilities stocks, among others. NZX 50 rose by 0.30% to 12,768.84 and NZX 20 increased by 0.39% to 8,199.50. However, NZX 10 increased by 0.16% to 12,652.40. All Communications services sector increased by 1.16%.
Data Source: NZX, Table Source: Kalkine Media Pty Ltd
MidCap and SmallCap Outperformed Broader Market:
S&P/NZX 50 Index managed to end at 12,768.84, reflecting a rise of ~21.89% in the span of 1 year. Notably, MidCap Index and SmallCap Index claimed 6,304.29 and 21,946.92 points, respectively. MidCap Index managed to deliver the return of ~30.93% and SmallCap Index reported a staggering growth of ~73.17% in the time span of the previous 1 year.
S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – Performance Over One Year
Source: EODHD/Others (Thomson Reuters)
Gainers and Losers:
TIL Logistics Group Limited (NZX: TLL) made an announcement about the placement of $8.2 million of the mandatory convertible notes to certain largest shareholders as well as other wholesale investors. Notably, the net proceeds from the notes would be utilised to repay the bank debt. Along with the cash of $1.8 million, the company plans to repay $10 Mn of the senior secured debt under the existing facilities.
Rua Bioscience (NZX: RUA) notified the market participants about the delay in the Good Manufacturing Practice (or GMP) certification because of the hold ups in testing overseas.
Data Source: NZX, Table Source: Kalkine Media Pty Ltd
Movements on Wall Street:
On 30th April 2021, NASDAQ Composite declined by 0.85% to 13,962.68. Notably, Dow Jones Industrial Average fell by 0.54% to 33,874.85.