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On 31st May 2021, the broader market was supported by the buying witnessed across sectoral indices, mainly in real estate, Healthcare, and Utilities stocks. NZX 50 rose by 1.14% and NZX 20 increased by 1.08%. Also, NZX 10 rose by 0.99%.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
MidCap and SmallCap Outperformed Broader Market:
NZX 50 Index managed to close at 12,320.72, reflecting ~11.66% growth in the time frame of 1 year. Also, MidCap Index and SmallCap Index claimed 6,290.32 and 21,898.51 points, respectively.
S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – One Year Return
Data Source: EODHD/Others
Gainers and Losers:
In the release dated 28th May 2021, Promisia Healthcare Limited (NZX: PHL) came forward and released its first financial result as the aged care business after acquisition has been completed of an aged care business on 30th October 2020. The results consisted unaudited financial information. It covers the 15 months ended 31st March 2021 after the change of the balance date to 31st March as well as includes 5 months of trading as the aged care business. Income stood at $7.3 Mn, which also includes an increase in the fair value movement of investment properties of $1.25 Mn.
In the release dated 31st May 2021, Me Today Limited (NZX: MEE) made an announcement that it would be acquiring 100% of King Honey Limited. This acquisition would be from the interests associated with Terry Jarvis for the total amount of $36 Mn. The company has also released its full-year results ended 31st March 2021 and the total gross revenue amounted to $1.5 Mn.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Movements on Wall Street:
On 28th May 2021, NASDAQ Composite rose by 0.09% to 13,748.74. Further, Dow Jones Industrial Average increased by 0.19% to 34,529.45.
Note: The reference data in this article has been partly sourced from EODHD/Others