Consumer Staples Sector Encountered Selling: What You Need to Know

On 21st October 2021, the NZ market was influenced by the selling in the consumer staples sector and buying in the utilities sector. Notably, NZX 50 Index and NZX 20 Index rose by 0.09% and 0.21%, respectively. However, NZX 10 Index declined by 0.07% to 12,789.55. NZX All Consumer Staples witnessed a fall of 1.51%.

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

Performance of Indices:

NZX 50 Index closed at 13,125.98, implying ~5.58% growth in the time span of past 1 year. MidCap Index and SmallCap Index ended at 6,560.52 and 23,107.91 points, respectively.

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

Source: REFINITIV

Gainers and Losers:

Greenfern Industries Limited (NZX: GFI) released its listing profile in which the company mentioned about its future activities. It is currently exploring the upgrade potential for the Hydropower Station with the view to increase the production capacity.

Marlborough Wine Estates Group Limited (NZX: MWE) rose by 12% to NZ$0.280 per share and Scott Technology Limited (NZX: SCT) increased by 10.39%.

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

Movement on Wall Street:

On 20th October 2021, NASDAQ Composite declined by 0.05% to 15,121.68. Notably, Dow Jones Industrials Average rose by 0.43% to 35,609.34.

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

Comment


Disclaimer

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK