Broader Selling Pressure in Indices, Pulled the NZX Market Lower

On 30th July 2021, the broader NZ market was weighed down by the selling pressure witnessed in the Consumer Staples stocks, followed by Utilities and Energy stocks, among others. NZX 50 Index declined by 1.06% to 12,594.52 and NZX 20 Index fell by 1.16%. NZX All Consumer Staples declined by 3.03% and NZX All Utilities fell by 1.62%.

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

Performance of Indices:

NZX 50 Index ended at 12,594.52 which implies ~7.72% increase over the past 1 year. Also, MidCap Index and SmallCap Index managed to claim 6,313.68 and 22,344.92 points, respectively.

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


Gainers and Losers:

New Zealand Oil & Gas Limited (NZX: NZO) has released its activities report for the quarter ended 30th June 2021. The company’s revenue was up on the last quarter by NZ$1.5 Mn.

Chatham Rock Phosphate Limited (NZX: CRP) rose by 6.56% to $0.130 per share.

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

Movement on Wall Street:

On 29th July 2021, NASDAQ Composite increased 0.11% to 14,778.26. Notably, Dow Jones Industrials Average rose 0.44% to 35,084.53.

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



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