Selling in Consumer Staples Sector Impacted NZ Market

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Selling in Consumer Staples Sector Impacted NZ Market

 Selling in Consumer Staples Sector Impacted NZ Market
Image source: Copyright © 2021 Kalkine Media Pty Ltd.

On 6th October 2021, the equity market in New Zealand closed in red as significant selling was encountered in the consumer staples sector. Notably, NZX 50 Index and NZX 20 Index declined by 0.25% and 0.29%, respectively. NZX All Consumer Staples witnessed a fall of 4.08%. However, NZX All Materials rose by 2.15%.

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

Performance of Indices:

NZX 50 Index closed at 13,166.44, reflecting a rise of ~9.95% in the past 1 year. MidCap Index and SmallCap Index ended at 6,609.63 and 22,849.71 points, respectively.

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

Source: REFINITIV

Gainers and Losers:

In the release dated 1st October 2021, New Zealand Oil & Gas Limited (NZX: NZO) made an announcement that the Amadeus Basin acquisition has been wrapped up.

Savor Limited (NZX: SVR) rose by 4.60% to NZ$0.455 per share.

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

Movement on Wall Street:

On 5th October 2021, NASDAQ Composite increased by 1.25% to 14,433.83. Also, Dow Jones Industrials Average rose 0.92% to 34,314.67.

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

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