The NZX 50 Added 100.48 Points on Monday, Primarily Led by Buying in Industrials and Consumer Staples Stocks

On 5th July 2021, the broader NZ market was supported by the significant buying in the Industrials stocks, followed by Consumer Staples stocks. Notably, NZX 50 Index rose by 0.79% to 12,812.32 and NZX 20 Index increased by 0.93%. Meanwhile, NZX All Industrials increased by 3.65%.

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

MidCap and SmallCap Outperformed Broader Market:

NZX 50 Index ended at 12,812.32, which implies ~9.92% rise over the time frame of the previous 1 year. Also, MidCap Index and SmallCap Index claimed 6,455.31 and 22,412.28 points, respectively.

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


Gainers and Losers:

On 26th May 2021, Tower Limited (NZX: TWR) made an announcement about the interim dividend. The foreign exchange rate utilised for the company’s interim dividend paid to the Australian investors in AUD has been set at $0.92773 AUD. Notably, the dividends would be paid on 14th July 2021.

In the release dated 5th July 2021, Pushpay Holdings Limited (NZX: PPH) made an announcement that Shane Sampson has resigned as Chief Financial Officer, which would become effective on 1st October 2021. PPH started an executive search in order to appoint the CFO who would be based in the company’s Redmond, Washington, US office.

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

Movement on Wall Street:

On 2nd July 2021, NASDAQ Composite rose by 0.81% to 14,639.33. Notably, Dow Jones Industrials Average witnessed a rise of 0.44% to 34,786.35.

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



We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK