The NZX 50 Added 73.05 Points on Monday, Primarily Driven by Information Technology Stocks

2 min read | July 12, 2021 08:18 PM NZST | By Team Kalkine Media

On 12th July 2021, the broader NZ market was supported by significant buying in Informatioin Technology stocks, follwed by Energy and Utilities stocks, among others. Notably, NZX 50 Index rose by 0.58% to 12,763.4 and NZX 20 Index increased by 0.61% to 8,087.91. On the same day, NZX All Information Technology rose by 1.66% to 2,197.64.

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

MidCap and SmallCap Outperformed Broader Market:

NZX 50 Index ended at 12,763.40, which implies ~11.62% rise over the time frame of the previous 1 year. Also, MidCap Index and SmallCap Index claimed 6,429.22 and 22,600.54 points, respectively.

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

Source: EODHD/Others

Gainers and Losers:

In the release dated 28th May 2021, NZ Windfarms Limited (NZX: NWF) stated that the company has agreed the terms of its fourth Variable Volume Fixed Price Agreement for the 25 percent of its production from 1st October 2022 to 30th June 2023.

On 12th July 2021, Radius Residential Care Limited (NZX: RAD) rose by 8.75% to $0.870 per share.

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

Movement on Wall Street:

On 9th July 2021, NASDAQ Composite rose by 0.98% to 14,701.92. Notably, Dow Jones Industrials Average increased by 1.30% to 34,870.16.

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


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