Robust Buying in Consumer Staples Sector Supported Equity Market in NZ

On 14th October 2021, the equity market in NZ was supported by the robust buying witnessed in the consumer staples sector. Also, NZX Primary Sector Index rose by 1.28%. On the same day, NZX All Consumer Staples increased by 3.26%. NZX 50 Index and NZX 20 Index rose by 0.18% and 0.17%, respectively.

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

Performance of Indices:

NZX 50 Index closed at 13,048.49, reflecting ~4.03% growth in the previous 1 year. MidCap Index and SmallCap Index ended at 6,526.81 and 23,073.27 points, respectively.

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

Source: REFINITIV

Gainers and Losers:

Harmoney Corp Limited (NZX: HMY) released an update on the performance for the quarter ended 30th September 2021. The company stated that this was its largest quarter of new originations in the history.

General Capital Limited (NZX: GEN) rose by 17.65% to NZ$0.060 per share.

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

Movement on Wall Street:

On 13th October 2021, NASDAQ Composite rose by 0.73% to 14,571.64. Notably, Dow Jones Industrials Average ended at 34,377.81.

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

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