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On 30th April 2021, NZX 50 ended the session in green as buying in material stocks provided some support. NZX 50 rose by 0.13% to 12,731.13 and NZX 20 also increased by 0.13% to 8,167.68. However, NZX 10 witnessed a decline of 0.02% to 12632.42.
Data Source: NZX, Table Source: Kalkine Media Pty Ltd
MidCap and SmallCap Outperformed Broader Market:
S&P/NZX 50 Index ended at 12,731.13, reflecting a rise of ~20.88% in the span of 1 year. Notably, MidCap Index and SmallCap Index claimed 6,277.86 and 21,908.94 points, respectively. MidCap Index delivered a return of 28.83% and SmallCap Index delivered ~69.74% return in the time frame of 1 year.
S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – One Year Return
Source: EODHD/Others (Thomson Reuters)
Gainers and Losers:
Allied Farmers Limited (NZX: ALF) has acknowledged New Zealand Rural Land Company Limited’s (NZX: NZL) announcement with regards to the conditional agreements for the acquisition of 14 large scale dairy assets in South Canterbury as well as North Otago, for the aggregate purchase price of $114 Mn (subject to the final adjustments), as well as related potential acquisitions.
On 30th April 2021, TruScreen Group Limited (NZX: TRU) fell by 4.60%.
Data Source: NZX, Table Source: Kalkine Media Pty Ltd
Movements on Wall Street:
On 29th April 2021, NASDAQ Composite rose by 0.22% to 14,082.55. However, Dow Jones Industrial Average increased by 0.71% to 34,060.36.
Also Read: Is NZX 50 Following Gains of Last Week?