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On 15th June 2021, the broader market in NZ was supported by the buying of defensive stocks, primarily NZX All Health Care stocks that rose by 3.23% and NZX All Consumer Staples that increased by 2.66%. However, NZX All Energy declined by 1.44%. NZX 50 Index and NZX 20 Index rose by 1.07% and 1.21%, respectively.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
MidCap and SmallCap Outperformed Broader Market:
NZX 50 Index closed at 12,696.39, which implies ~16.86% growth in the time span of 1 year. Also, MidCap Index and SmallCap Index claimed 6,372.51 and 22,209.41 points, respectively.
S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – One Year Return
Source: EODHD/Others
Gainers and Losers:
Cavalier Corporation Limited (NZX: CAV) operates the broadloom carpet business under the Bremworth brand. This was relaunched in the month of November 2020. Importantly, in the release dated 14th June 2021, it was mentioned that Bremworth has signed up to the New Zealand Farm Assurance Programme (or NZFAP). Notably, this signals its support for as well as adoption of the national wool standard.
On 15th June 2021, Enprise Group Limited (NZX: ENS) rose by 11.11%.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Movements on Wall Street:
On 14th June 2021, NASDAQ Composite Index rose by 0.74% to 14,174.14. However, Dow Jones Industrials Average declined by 0.25% to 34,393.75.
Note: The reference data in this article has been partly sourced from EODHD/Others