AUS
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On 29th June 2021, the broader NZ market was supported by the buying witnessed in the utilities sector. However, some selling pressure was encountered in consumer staples sector. Notably, NZX 50 rose by 0.29% to 12,639.82 and NZX 20 increased by 0.26% to 8,015.06. On the same day, NZX All Utilities rose by 1.34%.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
MidCap and SmallCap Outperformed Broader Market:
NZX 50 Index ended at 12,639.82, which implies ~12.33% rise over the time span of the past 1 year. Also, MidCap Index and SmallCap Index claimed 6,336.28 and 22,128.08 points, respectively.
S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – One Year Return
Source: EODHD/Others
Gainers and Losers:
Kathmandu Holdings Limited (NZX: KMD) provided the trading update and stated that numerous retail stores of the group witnessed renewed disruption to trading due to the COVID-19 lockdown restrictions in Australia. Notably, 40 stores are closed in New South Wales for the time span of minimum two weeks, and 26 further stores are closed in Western Australia for the minimum of 4 days. Therefore, the group total sales for FY 2021 are anticipated to be below the original expectations at ~$930 Mn as well as underlying EBITDA has been estimated at ~$120 Mn.
Notably, Cavalier Corporation Limited (NZX: CAV) rose by 7.69% to NZ$0.490 per share.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Movement on Wall Street:
On 28th June 2021, NASDAQ Composite increased by 0.98% to 14,500.51. Notably, Dow Jones Industrial Average declined by 0.44% to 34,283.27.
Note: The reference data in this article has been partly sourced from EODHD/Others