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On 18th May 2021, the NZX50 gained marginally on the back of buying witnessed in Information Technology stocks. However, the gains were partially nullified by continued selling in Consumer Staples stocks, followed by slide in Financial stocks. NZX 50 rose by 0.15% to 12,428.62 while NZX 10 fell by 0.14% to 12,192.91. However, NZX All Consumer Staples sector plunged by 2.25%.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
MidCap and SmallCap Outperformed Broader Market:
NZX 50 Index closed at 12,428.62, reflecting ~15.53% growth in 1 year. Also, MidCap Index and SmallCap Index claimed the levels of 6,229.52 and 21,507.31 points, respectively. NZX MidCap Index rose ~25.12% and NZX SmallCap Index increased ~62.54%.
S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – One Year Return
Source: EODHD/Others (Thomson Reuters)
Gainers and Losers:
In the release dated 14th May 2021, Good Spirits Hospitality Limited (NZX: GSH) provided the business update to the market with regards to the acquisition as well as growth activity. This follows from the company’s overall growth strategy as stated in the Chairman’s address during FY20 AGM. The company continues to pursue range of opportunities with regards to new as well as existing venues.
In the release dated 10th May 2021, Geneva Finance Limited (NZX: GFL) announced the final dividend for 31st March 2021 year.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Movements on Wall Street:
On 17th May 2021, NASDAQ Composite declined by 0.38% to 13,379.05. Notably, Dow Jones Industrial Average fell by 0.16% to 34,327.79.