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On 28th May 2021, the broader market was mainly impacted by the selling pressure witnessed in utility stocks. However, it could be said that the buying in consumer staples sector somewhat limited the fall of the broader market. NZX 50 declined by 0.50% to 12,182.25 and NZX 20 fell by 0.40% to 7,753.07. Also, NZX 10 declined by 0.18%.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
MidCap and SmallCap Outperformed Broader Market:
NZX 50 Index ended at 12,182.25, reflecting ~12.21% growth in the time frame of 1 year. Also, MidCap Index and SmallCap Index claimed 6,203.69 and 21,811.76 points, respectively.
S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – One Year Return
Data Source: EODHD/Others
Gainers and Losers:
In the release dated 27th May 2021, Blis Technologies Limited (NZX: BLT) announced the results for the 12 months ended 31st March 2021. The company posted revenue amounting to $10.6 Mn and EBITDA of $1.0 Mn. Notably, the revenue was in line with the market guidance which was provided earlier. However, the company’s EBITDA was at the lower end of the guidance range.
In the release dated 26th May 2021, Mercury NZ Limited (NZX: MCY) announced the appointment of Kim Gordon as the next Future Director.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Movements on Wall Street:
On 27th May 2021, NASDAQ Composite Index fell by 0.01% to 13,736.28. However, Dow Jones Industrial Average rose by 0.41% to 34,464.64.
Note: The reference data in this article has been partly sourced from EODHD/Others
