NZ50 Index Ended Positive, Primarily Led by Buying in Financials stocks, Among Others Factors

2 min read | August 24, 2021 08:28 PM NZST | By Team Kalkine Media

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NZ50 Index Ended Positive, Primarily Led by Buying in Financials stocks, Among Others Factors — Image source: Copyright © 2021 Kalkine Media Pty Ltd.

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On 24^th August 2021, the NZ50 Index clsoed in positive territory, primarily driven by significant buying in the Financials stocks, followed by Consumer Staples as well as IT stocks, among others. Notably, NZX 50 Index rose 0.06% to 13,071.86 and NZX 20 Index witnessed a fall of 0.10% to 8,335.20.

Performance of Indices:

NZX 50 Index ended at 13,071.86, reflecting ~9.65% increase in the previous 1 year. Also, MidCap Index and SmallCap Index ended at 6,545.89 and 22,383.32 points, respectively.

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

Source: EODHD/Others

Gainers and Losers:

In the release dated 20^th August 2021, Chatham Rock Phosphate Limited (NZX: CRP) made an announcement that, because of the investor enquiries after the closing of the July private placement, it is proceeding with the further non-brokered private placement of up to 9,000,000 units at the price of CA$0.11 per unit (or NZ$0.125) involving the gross proceeds of up to CA$990,000 (or NZ$1,125,000) pursuant to the price reservation filing made earlier in the month of August as well as subject to the regulatory approvals.

Move Logistics Group Limited (NZX: MOV) rose by 7.98% to $1.760 per share.

Movement on Wall Street:

On 23^rd August 2021, NASDAQ Composite increased 1.55% to 14,942.65. Notably, Dow Jones Industrials Average rose 0.61% to 35,335.71.

Note: The reference data in this article has been partly sourced from EODHD/Others

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