New Zealand Markets Ended in Red: A Brief Look

On 16th August 2021, the broader NZ market ended the session in red, primarily led by Utilities stocks, among others. However, significant buying was witnessed in the Consumer Staples and Primary Sector stocks, among others. NZX 50 Index fell by 0.34% to 12,720.15 and NZX 20 Index declined 0.26% to 8,086.27. NZX All Consumer Staples and NZX Primary Sector Index rose by 7.09% and 1.58%, respectively.

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

Performance of Indices:

NZX 50 Index ended at 12,720.15, reflecting ~8.97% increase in the previous 1 year. Also, MidCap Index and SmallCap Index ended at 6,366.69 and 22,394.75 points, respectively.

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


Gainers and Losers:

Plexure Group Limited (NZX: PX1) made an announcement that it has entered into the conditional agreement for the acquisition of Task Retail Pty Limited of Australia and its global subsidiaries. The consideration amounted to A$120 Mn which would be paid in the mixture of cash as well as Plexure ordinary shares.

The a2 Milk Company Limited (NZX: ATM) rose by 11.37% to $7.050 per share and PGG Wrightson Limited (NZX: PGW) increased by 3.97% to NZ$3.670 per share.

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

Movement on Wall Street:

On 13th August 2021, NASDAQ Composite increased 0.04% to 14,822.90. Notably, Dow Jones Industrials Average rose 0.04% to 35,515.38.

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



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