Selling in Consumer and Material Stocks Weighed Over Broader Market

On 20th August 2021, the broader NZ market closed the session in red, primarily driven by significant selling in Materials and Consumer Staples stocks, among others. However, the losses were restricted due to buying in Energy stocks, among others. Notably, NZX 50 Index fell by 0.13% to 12,940.49 and NZX 20 Index declined 0.10% to 8,259.15. NZX All Materials Index fell by 1.35%.

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

Performance of Indices:

NZX 50 Index ended at 12,940.49, indicating ~10.96% surge in the previous 1 year, while MidCap Index and SmallCap Index reported a growth of 19.64% and 39.81%, respectively during the same period.

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

Source: REFINITIV

Gainers and Losers:

As per the release dated 20th August 2021, Synlait Milk Limited (NZX:SML) has appointed Nigel Macdonald as the Director, Operations.

PaySauce Limited (NZX:PYS) increased by 6.45% to $0.33 per share.

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

Movement on Wall Street:

On 19th August 2021, NASDAQ Composite increased by 0.11% to 14,541.79. Notably, Dow Jones Industrials Average decreased by 0.19% to 34,894.12.

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

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