On 21st February 2022, the equity market in NZ closed in green after significant buying was encountered in the consumer staples sector. On the same day, NZX 50 Index and NZX 20 Index rose by 0.12% and 0.43%, respectively. Also, NZX All Consumer Staples witnessed an increase of 7.28%.

Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Performance of Indices:
NZX 50 Index closed at 12,156.34, implying ~2.17% decline in the time span of the previous 1 year. MidCap Index and SmallCap Index closed at 6,142.62 and 22,125.78 points, respectively.
S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – Performance Over One Year

Source: EODHD/Others
Gainers and Losers:
The a2 Milk Company Limited (NZX: ATM) announced that the company’s H1 FY 2022 result was in line with its expectations. This has placed it in the robust position to execute the strategy as well as deliver revenue growth in FY 2022 amidst challenging and volatile market.
Chorus Limited (NZX: CNU) rose by 8.74% to NZ$7.340 per share.

Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Movement on Wall Street:
On 18th February 2022, NASDAQ Composite Index fell 1.23% to 13,548.07. Notably, Dow Jones Industrials Average declined 0.68% to 34,079.18.
Note: The reference data in this article has been partly sourced from EODHD/Others