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On 19th May 2021, NZX 50 ended the trading session in the red as it fell by 1.18% to 12,281.50 after selling triggered in IT, Industries, and Utilities stocks, among others. On the same day, NZX 20 fell by 1.19% to 7,849.82 and NZX 10 declined by 1.21% to 12,045.38. However, NZX All Industrials witnessed a fall of 1.73%.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
MidCap and SmallCap Outperformed Broader Market:
NZX 50 Index ended at 12,281.50, reflecting ~13.82% growth in one year. Also, MidCap Index and SmallCap Index claimed the levels at 6,158.11 and 21,542.90 points, respectively. Notably, NZX MidCap Index increased by ~22.17% and NZX SmallCap Index rose by ~61.55%.
S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – One Year Return
Source: EODHD/Others (Thomson Reuters)
Gainers and Losers:
Serko Limited (NZX: SKO) came forward and announced financial results for the year ended 31st March 2021. This was the period when the pandemic impacted travel market globally as well as constrained the demand for SKO’s market leading travel as well as expense management solutions. Its total income (including grants) for the year amounted to $16.9 Mn. However, total operating revenue stood at $12.4 Mn, reflecting a fall of 52% as compared to $25.9 million in the prior year, which was significantly impacted by the pandemic.
In the release dated 30th April 2021, Rakon Limited (NZX: RAK) announced that its results for the year ended 31st March 2021 would be released on 27th May 2021.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Movements on Wall Street:
On 18th May 2021, NASDAQ Composite declined by 0.56% to 13,303.64. Notably, Dow Jones Industrial Average fell by 0.78% to 34,060.66.