New Zealand Market Ended in Red: What Market Players Need to Know

On 11th October 2021, the NZ market ended in red. This was witnessed mainly because of selling pressure on consumer discretionary as well as healthcare sectors. However, energy sector witnessed buying. NZX 50 Index declined by 0.51% and NZX 10 Index fell by 0.66%. Notably, NZX All Energy increased 6.26%.

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

Performance of Indices:

NZX 50 Index closed at 13,019.37, reflecting ~5.36% growth in the last 1 year. MidCap Index and SmallCap Index ended at 6,558.31 and 22,967.69 points, respectively.

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

Source: REFINITIV

Gainers and Losers:

Z Energy Limited (NZX: ZEL) entered into the binding scheme implementation agreement with Ampol Limited (ASX: ALD) under which it has been proposed that Ampol acquire all the shares of ZEL by the means of the scheme of arrangement.

Wellington Drive Technologies Limited (NZX: WDT) rose by 8% to NZ$0.162 per share.

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

Movement on Wall Street:

On 8th October 2021, NASDAQ Composite fell by 0.51% to 14,579.54. Also, Dow Jones Industrials Average declined by 0.03% to 34,746.25.

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