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On 1st June 2021, the NZ market was supported by the broad-based buying, mainly in Consumer Staples, Utilities as well as IT stocks, among others. However, Energy and Financial Index closed in red. Notably, NZX 50 rose by 1.14% and NZX 20 increased by 1.27%. Also, NZX 10 rose by 1.26% and NZX All Consumer Staples increased by 2.39%.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
MidCap and SmallCap Outperformed Broader Market:
NZX 50 Index managed to close at 12,462.47, reflecting ~12.94% growth in the time frame of 1 year. Also, MidCap Index and SmallCap Index claimed 6,355.47 and 21,897.73 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 31st May 2021, Cooks Global Foods Limited (NZX: CGF) released the preliminary financial results for the year ended 31st March 2021. It was mentioned that the acquisition of fast-growing Triple Two Coffee business in the month of June 2020 added scale to the core UK market. Notably, its revenue from continuing operations stood at $3.066 Mn.
After the heavy rainfall, that led to the severe flooding in the region, as well as the state of local emergency in Canterbury, Synlait Milk Limited (NZX: SML) provided an update with regards to the operation of Dunsandel facility as well as the impact on the farmer suppliers. The company has confirmed that this event would not be having the significant impact on the FY2021 production plans or the outlook.
PaySauce Limited (NZX: PYS) informed that it has bought the business as well as Assets of SmoothPay, which happens to be the NZ payroll provider and is being headquartered in Palmerston North.
Plexure Limited (NZX: PX1) informed that it has partnered with Pita Pit NZ.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Note: The reference data in this article has been partly sourced from EODHD/Others