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On 12th May 2021, NZX 50 ended the trading session lower, in the absence of positive catalyst to drive the market in the positive direction, resulting broad sell-off. Further, it appeared that international market sentiments were also on a negative side. NZX 50 declined by 0.60% to 12,564.21 and NZX 20 fell by 0.62% to 8,058.21. However, NZX 10 witnessed a fall of 0.47% to 12,416.55.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
MidCap and SmallCap Outperformed Broader Market:
NZX 50 Index closed at 12,564.21, reflecting ~16.14% growth in one year. Also, MidCap Index and SmallCap Index claimed the levels of 6,232.58 and 21,817.88 points, respectively. Therefore, it could be mentioned that the SmallCap Index and MidCap Index have been resilient than the broader market (NZX 50 Index).
S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – One Year Return
Source: EODHD/Others (Thomson Reuters)
Gainers and Losers:
On 10th May 2021, Albany Braithwaite Holdings Limited stated that it has decreased its substantial holding in Allied Farmers Limited (NZX: ALF) from 5.50% to 5.34%.
Ryman Healthcare Limited (NZX: RYM) would be releasing its full-year results for the financial year ended 31st March 2021 on 21st May 2021.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Movements on Wall Street:
On 11th May 2021, NASDAQ Composite witnessed a fall of 0.09% to 13,389.43. However, Dow Jones Industrial Average declined by 1.36% to 34,269.16.