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


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

The website is a service of Kalkine Media New Zealand Limited (Kalkine Media), Company Number: 8107196. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.



Rated 4.3/5 based on 904 Reviews at Google My Business
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK