The NZX 50 Fell 49.88 Points on Thursday Led by Selling Pressure in Most of the Key Sectors

On 10th June 2021, broader NZ market ended the session in red after selling pressure was witnessed in Consumer Staples, Communications Services as well as Industrials Sectors, among others. Hence, NZX 50 declined by 0.4% to 12,518.01 and NZX 20 fell by 0.45% to 7,958.45. Also, NZX All Consumer Staples sector witnessed a huge fall of 2.03%.

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

MidCap and SmallCap Outperformed Broader Market:

NZX 50 Index closed at 12,518.01, which implies ~11.17% growth in the time span of 1 year. Also, MidCap Index and SmallCap Index claimed 6,316.39 and 22,044.65 points, respectively.

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

Source: REFINITIV

Gainers and Losers:

On 10th June 2021, Me Today (NZX: MEE) has announced the opening of $3.75 Mn offer to the retail investors.

Napier Port Holdings Limited (NZX: NPH) has released the investor presentation in which the company stated that its strategy builds on the robust business. Notably, the diversified trade portfolio helps in mitigating the sector as well as country-specific risks.

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

Movements on Wall Street:

On 9th June 2021, NASDAQ Composite Index declined by 0.09% to 13,911.75. Also, Dow Jones Industrials Average fell by 0.44% to 34,447.14.

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

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