The NZX 50 Fell 22.34 Points on Monday, Primarily led by Fall in Consumer Staples Stocks

2 min read | June 28, 2021 09:21 PM NZST | By Team Kalkine Media

On 28th June 2021, the broader NZ markets fell primarily driven by selling pressure in Conusmer Staples stocks, followed by Energy and Idustrials stocks, among others. Notably, NZX 50 decreased by 0.18% to 12,603.75 and NZX 20 fell by 0.13% to 7,994.38.

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

MidCap and SmallCap Outperformed Broader Market:

NZX 50 Index ended at 12,603.75, which reflects ~12.01% increase in one year. Also, MidCap Index and SmallCap Index claimed 6,304.84 and 22,189.72 points, respectively.

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

Source: EODHD/Others

Gainers and Losers:

Wellington Drive Technologies Limited (NZX: WDT) has increased its guidance for FY21 wherein it now expects its US$ revenue to stay between US$45 million to US$50 million as against its earlier range of US$41 million to US$46 million. It is witnessing strong customer demand as visible from both new customer wins over the last 18 months.

General Capital Limited (NZX: GEN) recently announced the opening of director nominations with the closing date for the same is on 12 July 2021.

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

Movement on Wall Street:

On 25th June 2021, NASDAQ Composite decreased by 0.06% to 14,360.39. However, Dow Jones Industrials Average grew by 0.69% to 34,433.84.

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


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