Broad Based Buying in Stocks Pulled NZ Market Up

On 2nd September 2021, the broader NZ market ended the session in green as significant buying was witnessed primarily in the Financials, Consumer Staples, and Healthcare stocks, among others. Notably, NZX 50 Index rose by 0.28% to 13,280.47 and NZX 20 Index increased 0.32% to 8,427.77.

Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media

Performance of Indices:

NZX 50 Index ended at 13,280.47, reflecting ~11.57% increase in the previous 1 year. Notably, MidCap Index and SmallCap Index ended at 6,717.87 and 22,965.18 points, respectively.

S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – Performance Over One Year

Source: REFINITIV

Gainers and Losers:

In the release dated 2nd September 2021, Plexure Group Limited (NZX: PX1) made an announcement that it has wrapped up the bookbuild for A$15 Mn underwritten placement to the institutional, sophisticated as well as professional investors in ANZ which was announced on 1st September 2021.

Cooks Global Foods Limited (NZX: CGF) rose by 7.69% to $0.042 per share and Sanford Limited (NZX: SAN) declined by 5.74% to $5.090 per share.

Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media

Movement on Wall Street:

On 1st September 2021, NASDAQ Composite rose by 0.33% to 15,309.38. Notably, Dow Jones Industrials Average declined 0.14% to 35,312.53.

Note: The reference data in this article has been partly sourced from REFINITIV

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