Selling in Consumer and Material Stocks Weighed Over Broader Market

1 min read | August 20, 2021 08:13 PM NZST | By Team Kalkine Media

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: EODHD/Others

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 EODHD/Others


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.