The NZX 50 Added 28.21 Points on Friday, Primarily Led by Consumer Staples Sector

1 min read | July 02, 2021 08:30 PM NZST | By Team Kalkine Media

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The NZX 50 Added 28.21 Points on Friday, Primarily Led by Consumer Staples Sector — Image source: Copyright © 2021 Kalkine Media Pty Ltd.

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On 2^nd July 2021, the significant buying in Consumer Staples sector supported the broader NZ market, followed by gains in Real Estate sector. Notably, NZX 50 Index rose by 0.22% to 12,711.84 and NZX 20 Index increased by 0.09%. NZX All Consumer Staples witnessed a rise of 3.32%.

MidCap and SmallCap Outperformed Broader Market:

NZX 50 Index ended at 12,711.84, which implies ~10.51% rise over the time frame of 1 year. Also, MidCap Index and SmallCap Index claimed 6,438.85 and 22,421.72 points, respectively.

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

Source: EODHD/Others

Gainers and Losers:

As per the release dated 2 July 2021, The a2 Milk Company (NZX: ATM) appointed Mr. Edith Bailey as Chief Marketing Officer.

In the release dated 1^st July 2021, Meridian Energy Limited (NZX: MEL) mentioned that S&P Global Ratings reaffirmed Meridian Energy’s corporate credit rating as ‘BBB+’/Stable/A-2.

Movement on Wall Street:

On 1^st July 2021, NASDAQ Composite rose by 0.13% to 14,522.38. Notably, Dow Jones Industrials Average increased by 0.38% to 34,633.53.

Note: The reference data in this article has been partly sourced from EODHD/Others

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