Buying in Materials Sector Mainly Supported Broader NZ Market

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Buying in Materials Sector Mainly Supported Broader NZ Market

 Buying in Materials Sector Mainly Supported Broader NZ Market

On 4th October 2021, the broader NZ market closed the session in green. This was mainly because significant buying was witnessed in the materials as well as communications services sectors. Also, some buying was encountered in the consumer discretionary sector. NZX 50 Index rose by 0.44% to 13,337.27 and NZX 20 Index increased by 0.60% to 8,402.58. NZX All Materials rose by 1.23%.

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

Performance of Indices:

NZX 50 Index closed at 13,337.27, implying ~12.09% increase in the previous 1 year. MidCap Index and SmallCap Index ended at 6,666.11 and 22,945.76 points, respectively.

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

Source: REFINITIV

Gainers and Losers:

Geo Limited (NZX: GEO) made an announcement that it is garnering NZ$6 Mn from the issue of ordinary shares priced at NZ$0.130 per share by the way of placement. Also, it intends to conduct the subsequent capital raise in the next few months in order to allow the broader shareholder base to take part at the same price.

AMP Limited (NZX: AMP) rose by  5.71% to NZ$1.110 per share.

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

Movement on Wall Street:

On 1st October 2021, NASDAQ Composite rose by 0.82% to 14,566.70. Also, Dow Jones Industrials Average increased by 1.43% to 34,326.46.

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

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