On 16th November 2021, the equity market in New Zealand was impacted by the selling pressure witnessed on the consumer staples as well as utilities sectors. On the same day, NZX 50 Index and NZX 20 Index witnessed the fall of 0.48% and 0.39%, respectively. Also, NZX 10 Index declined by 0.64%. NZX All Consumer Staples witnessed the fall of 1.96%.

Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Performance of Indices:
NZX 50 Index closed at 12,902.71, implying ~1.24% growth in the time span of the past 1 year. MidCap Index and SmallCap Index closed at 6,394.15 and 23,364.30 points, respectively.
S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – Performance Over One Year

Source: EODHD/Others
Gainers and Losers:
NZME Limited (NZX: NZM) has advised that, with the clearer business outlook as well as successful completion of the sale of GrabOne per NZM’s 2023 strategy, NZM plans to undertake on-market share buyback of up to $30 Mn which would be commencing in early 2022.
Good Spirits Hospitality Limited (NZX: GSH) rose by 12.50% to NZ$0.090 per share.

Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Movement on Wall Street:
On 15th November 2021, NASDAQ Composite declined by 0.04% to 15,853.85. Notably, Dow Jones Industrials Average fell by 0.04% to 36,087.45.
Note: The reference data in this article has been partly sourced from EODHD/Others