Broader Market was Supported by Buying in Energy and Consumer Discretionary Stocks

On 28th July 2021, the broader NZ market was supported by the significant buying in Energy stocks, followed by Conusmer Discretionary stocks. However, selling pressure was witnessed in the Information Technology sector. Notably, NZX 50 Index rose by 0.04% to 12,595.32 and NZX 20 Index increased by 0.12% to 7,980.59. NZX All Energy grew by 2.84% while NZX All Information Technology declined by -2.00%.

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

Performance of Indices:

NZX 50 Index ended at 12,595.32, which implies ~8.78% increase over the previous 1 year. Also, MidCap Index and SmallCap Index claimed 6,344.66 and 22,385.64 points, respectively.

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

Source: REFINITIV

Gainers and Losers:

TIL Logistics Group Limited (NZX: TLL) has informed about the new name – MOVe Logistics Group Limited. As per the release, the name change would be taking effect on the NZX on 4th August 2021. On that date, the ticker code would be changed from TLL to MOV. However, the ISIN number would be unchanged.

Allied Farmers Limited (NZX: ALF) rose by 7.02% to $0.610 per share.

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

Movement on Wall Street:

On 27th July 2021, NASDAQ Composite declined by 1.21% to 14,660.58. Notably, Dow Jones Industrial Average fell by 0.24% to 35,058.52.

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

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