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On 14th July 2021, the broader NZ market came under selling pressure driven by Financials stocks, follwed by Real Estate Select and Real Estate stocks, among others. Notably, NZX 50 Index declined by 0.51% to 12,719.68 and NZX 20 Index witnessed a fall of 0.49% to 8,061.88. Further, NZX All Financials fell by 1.51%.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
MidCap and SmallCap Outperformed Broader Market:
NZX 50 Index ended at 12,719.68, which implies ~10.66% increase over the time span of the previous 1 year. Also, MidCap Index and SmallCap Index claimed 6,415.92 and 22,463.81 points, respectively.
S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – Performance Over One Year
Source: EODHD/Others
Gainers and Losers:
Harmoney Corp Limited (NZX: HMY) released a market update and has managed to deliver highest ever month of originations in June 2021. Therefore, the company witnessed total originations of NZ$250 Mn for 2H FY 2021, supported by the robust rise in the new customer originations.
In the release dated 13th July 2021, Delegat Group Limited (NZX: DGL) mentioned that it has achieved unaudited operating net profit after tax of $64.6 Mn for the year ending 30th June 2021, which reflects a rise of 6% on the previous year of $60.8 Mn. It posted an unaudited IFRS reported profit after tax of $62.3 Mn, which implies a fall of 3% on the last year of $64.1 Mn.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Movement on Wall Street:
On 13th July 2021, NASDAQ Composite declined by 0.38% to 14,677.65. Notably, Dow Jones Industrials Average fell by 0.31% to 34,888.79.
Note: The reference data in this article has been partly sourced from EODHD/Others