Broader NZ Market was Primarily Hammered by Selling Pressure in Financials and Consumer Stocks

2 min read | September 09, 2021 08:45 PM NZST | By Team Kalkine Media

On 9th September 2021, the NZ market ended the session in red after significant selling was realized in the Financial stocks, followed by Consumer Discretionary as well as Consumer Staples stocks, among others. NZX 50 Index fell by 0.81% to 13,095.77 and NZX 20 Index declined 0.75% to 8,279.63. Also, NZX All Financials Index fell by 2.71%.

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

Performance of Indices:

NZX 50 Index ended at 13,095.77, reflecting ~11.56% rise in the last one year. Notably, MidCap Index and SmallCap Index closed at 6,637.91 and 23,192.97 points, respectively.

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

Source: EODHD/Others

Gainers and Losers:

As per the release dated 9 September 2021, Plexure Group Limited (NZX: PX1) has scheduled a Special Meeting of Shareholders on Friday, 24 September 2021 at 3PM (NZST) to consider and vote for Company’s decision to acquire TASK and the capital raising.

Kathmandu Holdings Limited (NZX: KMD) declined 4.05% to NZ$1.42 per share.

As per the release dated 1 September 2021, Sanford Limited (NZX: SAN) received notification from Ngāi Tahu Investments Limited for minority shareholding in Sanford at a stock price of $5.50 per share, which is 23.6% premium on the closing price on 31 August 2021.

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

Movement on Wall Street:

On 8th September 2021, NASDAQ Composite fell by 0.57% to 15,286.64. Notably, Dow Jones Industrials Average decreased by 0.20% to 35,031.07.


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