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On 30th September 2021, the broader NZ market ended in green as significant buying was witnessed in the consumer staples sector. However, materials sector encountered some selling pressure. NZX 50 Index rose by 1.17% and NZX 20 Index increased 1.36%. Notably, NZX All Consumer Staples increased by 2.42%.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Performance of Indices:
NZX 50 Index closed at 13,275.76, implying ~13.01% increase in the past 1 year. MidCap Index and SmallCap Index ended at 6,625.33 and 22,782.53 points, respectively.
S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – Performance Over One Year
Source: EODHD/Others
Gainers and Losers:
Gentrack Group Limited (NZX: GTK) updated the market on FY 2021 trading ahead of the year-end results for 30th September 2021. These would be published on 25th November 2021. Notably, revenue in 2H FY 2021 was better than expected throughout the utilities segment. This reflects the early positive signs of the company’s strategy to grow the revenues by offering innovative technologies as well as services to the existing customers, win new business as well as expand into the managed services.
Rakon Limited (NZX: RAK) rose by 6.20% to NZ$1.370 per share.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Movement on Wall Street:
On 29th September 2021, NASDAQ Composite declined by 0.24% to 14,512.44. Notably, Dow Jones Industrials Average increased by 0.26% to 34,390.72.
Note: The reference data in this article has been partly sourced from EODHD/Others