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On 27th October 2021, the equity market in NZ witnessed the negative impact from the selling witnessed in the consumer staples sector. NZX All Consumer Staples and NZX Primary Sector Index witnessed a fall of 7.35% and 2.12%, respectively. Notably, NZX 50 Index and NZX 20 Index declined by 0.42% and 0.61%, respectively.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Performance of Indices:
NZX 50 Index closed at 13,020.26, reflecting ~6.27% growth in the time span of past one year. MidCap Index and SmallCap Index managed to end at 6,522.93 and 23,401.28 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) provided FY 2022 trading update. It stated that English label IMF sales in 1Q FY 2022 were down on 1Q FY 2021, but were up on 4Q FY 2021, that was constrained to reduce channel inventory levels. Notably, there are expectations that English label IMF sales would be down in 1H FY 2022 as compared to the pcp, but ahead of the anticipations.
Allied Farmers Limited (NZX: ALF) rose by 8.70% to NZ$0.750 per share.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Movement on Wall Street:
On 26th October 2021, NASDAQ Composite increased 0.06% to 15,235.72. Also, Dow Jones Industrials Average rose by 0.04% to 35,756.88.
Note: The reference data in this article has been partly sourced from EODHD/Others