Selling in Materials and Utilities Stocks Impacted NZ Market

2 min read | August 09, 2021 08:33 PM NZST | By Team Kalkine Media

On 9th August 2021, the broader NZ market ended the session in red as significant selling was witnessed in Materials as well as Utilities stocks, among others. However, Energy stocks witnessed some buying, among others. Notably, NZX 50 Index declined by 0.54% to 12,700.83 and NZX 20 Index fell by 0.55% to 8,073.90.

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

Performance of Indices:

NZX 50 Index ended at 12,700.83 which implies ~8.71% increase over the past 1 year. Also, MidCap Index and SmallCap Index ended at 6,309.85 and 22,335.28 points, respectively.

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

Source: EODHD/Others

Gainers and Losers:

Geo Limited (NZX: GEO) provided an update with respect to the trading conditions as well as customer activity levels during the current COVID lockdowns in Australia. Even though Australia happens to be the company’s largest market, the customer base is diversified across all the states, as well as in NZ and international markets. Notably, this spread could mitigate against the impact of COVID lockdown measures (temporary) in single location.  

Cooks Global Foods Limited (NZX: CGF) rose by 13.95% to NZ$0.049 per share.

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

Movement on Wall Street:

On 6th August 2021, NASDAQ Composite declined by 0.40% to 14,835.76. Notably, Dow Jones Industrials Average rose by 0.41% to 35,208.51.

Note: The reference data in this article has been partly sourced from EODHD/Others


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