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