Selling in Materials Sector Mainly Weighed Over NZ Market

1 min read | November 02, 2021 07:56 PM NZDT | By Team Kalkine Media

On 2nd November 2021, the NZ market ended in red after significant selling was witnessed in the materials as well as real estate sectors. Notably, NZX 50 Index declined by 0.29%. On the same day, NZX All Materials and NZX All Real Estate witnessed a fall of 1.40% and 1.24%, respectively.

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

Performance of Indices:

NZX 50 Index closed at 12,992.50, implying ~7.64% increase in the time span of past 1 year. MidCap Index and SmallCap Index closed at 6,503.94 and 23,301.09 points, respectively.

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

Source: EODHD/Others

Gainers and Losers:

In the release dated 1st November 2021, MOVE Logistics Group Limited (NZX: MOV) mentioned about its plan to garner ~$40 Mn of the new capital. This would happen with the support of the fully-underwritten 1 for 3.06 accelerated renounceable entitlement offer. This was originally announced on 27th October 2021.

Geneva Finance Limited (NZX: GFL) rose by 5.97% to NZ$0.710 per share.

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

Movement on Wall Street:

On 1st November 2021, NASDAQ Composite increased by 0.63% to 15,595.92. Notably, Dow Jones Industrials Average rose 0.26% to 35,913.84.

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


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