New Zealand Market Ended in Red As Consumer Staples Sector Witnessed Selling

On 22nd October 2021, the equity market in NZ closed in red as consumer staples sector weighed over the broader market. NZX 50 Index and NZX 20 Index declined by 0.25% and 0.23%, respectively. Notably, NZX All Consumer Staples witnessed a fall of 2.58%. However, NZX All Materials rose by 0.99%.   

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

Performance of Indices:

NZX 50 Index closed at 13,093.24, reflecting ~5.53% rise in the time frame of past 1 year. MidCap Index and SmallCap Index ended at 6,508.93 and 23,203.11 points, respectively.

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

Source: REFINITIV

Gainers and Losers:

PGG Wrightson Limited (NZX: PGW) released an update dated 19th October 2021 and mentioned that the Board is confident that the company is well-placed to continue to perform well as well as deliver on the PGW Group Strategy to grow business.

Evolve Education Group Limited (NZX: EVO) rose by 4.11% to NZ$0.760 per share.

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

Movement on Wall Street:

On 21st October 2021, NASDAQ Composite increased by 0.62% to 15,215.70. Notably, Dow Jones Industrials Average declined by 0.02% to 35,603.08.

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

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