Consumer Staples Sector Weighed Over NZ Market

2 min read | October 18, 2021 08:27 PM NZDT | By Team Kalkine Media

Google News:

Consumer Staples Sector Weighed Over NZ Market — Image source: Copyright © 2021 Kalkine Media Pty Ltd.

Recent News

How Are Investors Assessing National Australia Bank (ASX:NAB) Using Va...

Why Did BHP (ASX:BHP) and Rio Tinto (ASX:RIO) Weigh on the ASX?

Which ASX Dividend Stocks Are Drawing Attention for Their Distribution...

Why Is Commonwealth Bank (ASX:CBA) Valuation Back in Focus?

Make Kalkine Media
My Trusted Source

On 18^th October 2021, the equity market in NZ closed in red as significant selling pressure was witnessed on the consumer staples as well as communications services sectors. However, industrials sector witnessed buying. NZX 50 Index fell by 0.11% and NZX All Consumer Staples declined by 1.14%. NZX 10 Index witnessed a fall of 0.05%.

Performance of Indices:

NZX 50 Index closed at 12,998.51, reflecting ~4.95% growth in the previous 1 year. MidCap Index and SmallCap Index ended at 6,538.97 and 23,220.31 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 decided to extend the period for satisfaction of the finance condition under sale and purchase agreement with Global Marketplace New Zealand Limited to 22^nd October 2021. Notably, the company announced the sale of GrabOne to GMP for the consideration amounting to $17.5 Mn on 24^th August 2021.

New Zealand Oil & Gas Ltd (NZX: NZO) rose by 8.26% to NZ$0.590 per share.

Movement on Wall Street:

On 15^th October 2021, NASDAQ Composite increased by 0.50% to 14,897.34. Notably, Dow Jones Industrials Average increased 1.09% to 35,294.76.

Note: The reference data in this article has been partly sourced from EODHD/Others

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.