Kalkine Media ASX Share Market News & Research
Watchlist Sign Up/Login
Kalkine Media ASX Share Market News & Research

NZX 50 lost 19.82 Points on Tuesday, Extending Declines For the 5th Consecutive Session

2 min read | May 11, 2021 08:20 PM NZST | By Team Kalkine Media
Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp
NZX 50 lost 19.82 Points on Tuesday, Extending Declines For the 5th Consecutive Session
Image source: Copyright © 2021 Kalkine Media Pty Ltd.

Recent News

thumbnail

Ryman Healthcare (NZX:RYM) FY25 Revenue Rises 10% to NZD 760.7m, Forec...

thumbnail

Lightspeed’s (TSX:LSPD) AI Retail Expansion Impacts the TSX Composite...

thumbnail

Power Corporation of Canada (TSX:POW) Boosts TSX Composite Index

thumbnail

A2 Milk Buys $257m NZ Plant to Boost China Growth

Make Kalkine Media
My Trusted Source

Google Source

On 11th May 2021, broader market continued to slide as significant selling was witnessed in Consumer Staples and Information Technology stocks, among others. NZX 50 fell by 0.16% to 12,639.19 and NZX 20 declined by 0.05% to 8,108.72. In line with this, NZX All Consumer Staples Index fell 4.57%.

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

MidCap and SmallCap Outperformed Broader Market:

NZX 50 Index managed to close at 12,639.19, reflecting ~17.46% growth in 1 year. Also, MidCap Index and SmallCap Index claimed the levels of 6,280.76 and 21,777.91 points, respectively. Therefore, it could be mentioned that the Smallcap Index and Midcap Index have performed better than the broader market (NZX 50 Index).

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

Source: EODHD/Others (Thomson Reuters) 

Gainers and Losers:

On 11th May 2021, Meridian Energy Limited (NZX: MEL) released an investor presentation. With regards to retail, the company stated that profitable growth is being backed by volume as well as margin management. Notably, improved financial performance continued amidst higher competition as well as pressure on the retail margins.

On 10th May 2021, NZX Operations made an announcement that the final quotation date for Auckland International Airport Limited (NZX: AIA) bonds series (AIA130) would be 28th May 2021. Notably, the final day of trading in AIA130 would be 14th May 2021 prior to the bonds being suspended at the close of business.

JPMorgan Global Growth & Income plc (NZX: JPG) made an announcement that the indicative gearing ratio as of 7th May 2021 stood at 5.0%.

The a2 Milk Company Limited (NZX: ATM) announced that Morgan Stanley and its subsidiaries have ceased to become the substantial holder, with the current percentage held being 4.916%. 

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

Movements on Wall Street:

On 10th May 2021, NASDAQ Composite declined by 2.55% to 13,401.86. However, Dow Jones Industrial Average fell by 0.10% to 34,742.82.

Disclaimer

The content on this website, including, but not limited to, any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (“Content”) is a service provided by Kalkine Media New Zealand Limited (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide financial advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests users seek financial advice from a financial advice provider, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all liability to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without any express or implied warranties of any kind. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit a source wherever it is indicated or is found to be necessary or desirable.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.