NZ Markets Ended On a Mixed Note: Significant Buying Seen in Consumer Staples Stocks

On 7th July 2021, significant buying was witnessed in the Consumer Staples stocks, followed by Primary Sector stocks. However, Materials sector fell by 1.86%, among others. Notably, NZX 50 Index declined by 0.09% to 12,747.8 and NZX 10 Index rose by 0.23% to 12,416.89. NZX All Consumer Staples witnessed a rise of 2.75% to 3,297.91.

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

MidCap and SmallCap Outperformed Broader Market:

NZX 50 Index ended at 12,747.80, which implies ~8.55% rise over the time frame of the previous 1 year. Also, MidCap Index and SmallCap Index claimed 6,430.81 and 22,638.42 points, respectively.

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

Source: REFINITIV

Gainers and Losers:

Blis Technologies Limited (NZX: BLT) made an announcement about the formation of the long-term strategic partnership with Probi AB (PROB.STOE), which is the global company and is based in Sweden.

Freightways Limited (NZX: FRE) declined by 2.68% to $12.710 per share.

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

Movement on Wall Street:

On 6th July 2021, NASDAQ Composite rose by 0.17% to 14,663.64. Notably, Dow Jones Industrials Average declined by 0.60% to 34,577.37.

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

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