Significant Buying Witnessed in the Materials Sector

On 22nd July 2021, the NZ market was supported by the buying witnessed in the materials sector. However, selling pressure witnessed on the consumer staples sector somewhat limited the gains. NZX 50 Index rose by 0.09% to 12,720.84. However, NZX 10 Index fell by 0.17% and NZX All Consumer Staples declined by 1.16%.

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

Performance of Indices:

NZX 50 Index ended at 12,720.84, which implies ~8.51% increase over the past 1 year. Also, MidCap Index and SmallCap Index claimed 6,379.25 and 22,540.96 points, respectively.

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

Source: REFINITIV

Gainers and Losers:

Livestock Improvement Corporation (NZX: LIC) made an announcement about the financial results (year ended 31st May 2021). The company managed to report increased revenue, profit as well as a robust balance sheet with no debt.

On 22nd July 2021, Wellington Drive Technologies Limited (NZX: WDT) witnessed a rise of 17.14% to NZ$0.123.

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

Movement on Wall Street:

On 21st July 2021, NASDAQ Composite rose by 0.92% to 14,631.95. Notably, Dow Jones Industrial Average increased by 0.83% to 34,798.00.

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


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