Selling in Materials and Consumer Staples Sectors Impacted NZ Market

On 15th October 2021, the NZ market closed on an unfavourable note. Notably, significant selling pressure was witnessed on the materials as well as consumer staples sectors. However, some buying was witnessed in the real estate sector. NZX 50 Index and NZX 20 Index fell by 0.28% and 0.44%, respectively.

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

Performance of Indices:

NZX 50 Index closed at 13,012.19, implying ~4.21% growth in the last 1 year. MidCap Index and SmallCap Index ended at 6,552.26 and 23,177.28 points, respectively.

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

Source: REFINITIV

Gainers and Losers:

Chatham Rock Phosphate Limited (NZX: CRP) stated that it has signed the term sheet for the acquisition of the Korella phosphate mine in Australia.

Smartpay Holdings Limited (NZX: SPY) rose by 6.59% to NZ$0.890 per share.

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

Movement on Wall Street:

On 14th October 2021, NASDAQ Composite rose by 1.73% to 14,823.43. Notably, Dow Jones Industrials Average increased by 1.56% to 34,912.56.

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

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