On 8th July 2021, the broader NZ market closed high, primarily driven by buying in consumer staples stocks, followed by Real Estate stocks, among others. However, selling in technology stocks restricted some gains of the broader market. Notably, NZX 50 Index rose by 0.01% to 12,752.51 and NZX 20 Index increased by 0.09% to 8,080.75. Also, NZX All Consumer Staples rose by 1.84%.

Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
MidCap and SmallCap Outperformed Broader Market:
NZX 50 Index ended at 12,752.51, which implies ~8.93% rise in the time frame of the previous 1 year. Also, MidCap Index and SmallCap Index managed to claim 6,422.53 and 22,615.45 points, respectively.
S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – Performance Over One Year

Source: EODHD/Others
Gainers and Losers:
In Q1 FY 2022, PaySauce Limited (NZX: PYS) witnessed accelerated customer as well as revenue growth, where its total recurring revenue rose by 36% YoY to $612K.
General Capital Limited (NZX: GEN) fell by 5.08% to $0.056.

Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Movement on Wall Street:
On 7th July 2021, NASDAQ Composite rose by 0.01% to 14,665.06. Notably, Dow Jones Industrials Average witnessed a rise of 0.30% to 34,681.79.
Note: The reference data in this article has been partly sourced from EODHD/Others