On 25th May 2021, the selling pressure witnessed in major sectors that pulled the broader market lower. NZX 50 declined by 0.90% to 12,341.19 and NZX 20 fell by 1.18% to 7,866.35. Meanwhile, NZX 10 declined by 1.48% to 12,019.59. NZX All Healthcare sector fell by 2.51% to 3,267.92.

Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
MidCap and SmallCap Outperformed Broader Market:
NZX 50 Index ended at 12,341.19, reflecting ~14.53% growth in the time span of 1 year. Also, MidCap Index and SmallCap Index claimed the levels of 6,233.34 and 21,633.23 points, respectively.
S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – One Year Return

Data Source: EODHD/Others
Gainers and Losers:
DGL Group Limited (NZX: DGC) released its prospectus and it was mentioned that the company posted robust financial results in recent years. Its total pro-forma revenue stood at $180.1 million in FY20 that has been forecasted to increase to $209.7 million in FY 2022, reflecting the 2-year CAGR of 7.9%.
The New Zealand Refining Company Limited (NZX: NZR) has confirmed that it has reached in-principle agreement with Z Energy Limited with regards to the key commercial terms including price for the potential future import terminal operation at the Marsden Point.

Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Movements on Wall Street:
On 24th May 2021, NASDAQ Composite increased by 1.41% to 13,661.17. Further, Dow Jones Industrial Average rose by 0.54% to 34,393.98.
Note: The reference data in this article has been partly sourced from EODHD/Others