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On 23rd June 2021, the broader NZ market was supported by the significant buying in the energy stocks, followed by Industrials and Communications Services stocks. Notably, NZX 50 rose by 0.41% to 12,586.49 and NZX 20 increased by 0.57% to 7,980.76. Also, NZX All Energy increased by 1.28%.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
MidCap and SmallCap Outperformed Broader Market:
NZX 50 Index closed at 12,586.49, which implies ~13.06% increase over the time span of the past 1 year. Also, MidCap Index and SmallCap Index managed to claim 6,315.17 and 22,123.49 points, respectively.
S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – One Year Return
Source: EODHD/Others
Gainers and Losers:
ikeGPS Group Limited (NZX: IKE) made an announcement that, on 23rd June 2021, it has managed to ink an extension to the agreement with an engineering company helping communications infrastructure development. Notably, this follow-on contract would be generating ~$1.2 Mn of the transaction revenue in IKE’s FY 2022 (the period ending 31st March 2022).
Recently, Chatham Rock Phosphate Limited (NZX: CRP) provided the clarification to the shareholders as well as stakeholders with regards to the current non-brokered private placement of up to 6,000,000 units involving the price of CA$0.11 per unit (or NZ$0.12) for the gross proceeds of up to CA$660,000 (or NZ$720,000), which was originally announced on 22nd March 2021. Notably, the proceeds are intended solely for the company’s general working capital as well as to progress the 2nd application with New Zealand Environmental Protection Authority for the Marine Consent for Chatham Rise project.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Movement on Wall Street:
On 22nd June 2021, NASDAQ Composite witnessed a rise of 0.79% to 14,253.27. Notably, Dow Jones Industrials Average rose by 0.20% to 33,945.58.
Note: The reference data in this article has been partly sourced from EODHD/Others