Broader NZ Markets Ended in Green: What Should Investors Do?

On 4th August 2021, the broader NZ market ended the session in green as significant buying was witnessed in Consumer Staples as well as Real Estate stocks, among others. NZX 50 Index rose by 0.76% to 12,797.29 and NZX 20 Index increased by 0.75%. Also, NZX All Consumer Staples witnessed a rise of 1.30%.

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

Performance of Indices:

NZX 50 Index ended at 12,797.29 which implies ~8.71% increase over the past 1 year. Also, MidCap Index and SmallCap Index ended at 6,349.04 and 22,312.43 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 3rd August 2021, Cannasouth Limited (NZX:CBD) announced that its recently closed Share Purchase Plan and retail offer garnered $4,500,000 via the issuance of 11,250,000 new ordinary fully paid shares as well as 3,750,000 options.

Wellington Drive Technologies Limited (NZX: WDT) increased by 11.93% to $0.122 per share.

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

Movement on Wall Street:

On 3rd August 2021, NASDAQ Composite rose 0.55% to 14,761.30. Notably, Dow Jones Industrials Average increased by 0.80% to 35,116.40.

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

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