The NZX 50 Fell 40.4 Points on Thursday, Primarily Led by Selling in Materials and Consumer Staples stocks

The broader NZ market ended the session in red after significant selling pressure was witnessed in Materials and Consumer Staples stocks. However, some buying in energy sector limited the fall in the broader market. On 17th June 2021, NZX 50 declined by 0.32% to 12,541.20 and NZX 20 fell by 0.36% to 7,951.03. However, NZX All Energy witnessed a rise of 1.55%. 

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

MidCap and SmallCap Outperformed Broader Market:

NZX 50 Index closed at 12,541.20, which implies ~10.65% increase in the time frame of previous 1 year. Also, MidCap Index and SmallCap Index claimed 6,303.04 and 22,211.79 points, respectively.

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

Source: REFINITIV

Gainers and Losers:

In the release dated 3rd June 2021, the Board of New Zealand King Salmon Limited (NZX: NZK) stated that the trading in H1 FY 2022 (February to July 21) was problematic.

On 17th June 2021, Accordant Group Limited (NZX: AGL) rose by 5.16% to NZ$1.670 per share

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

Movements on Wall Street:

On 16th June 2021, NASDAQ Composite declined by 0.24% to 14,039.68. Notably, Dow Jones Industrials Average fell by 0.77% to 34,033.67.

Note: The reference data in this article has been partly sourced from REFINITIV


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