The NZX 50 Gained 1.99 Points on Friday, Driven by Mixed Cues

On 16th July 2021, the broader NZ market was supported by the buying in the Energy and Communications Services stocks while selling in Financial stocks capped the gains, among other factors. Notably, NZX 50 Index rose by 0.02% to 12,673.15 and NZX 20 Index increased by 0.22% to 8,039.56. NZX All Energy rose by 1.46%.

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

MidCap and SmallCap Outperformed Broader Market:

NZX 50 Index ended at 12,673.15, which implies ~10.15% increase over the previous 1 year. Also, MidCap Index and SmallCap Index claimed 6,362.98 and 22,603.22 points, respectively.

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


Gainers and Losers:

The Board of Cannasouth Limited (NZX: CBD) announced that it has opened the non-underwritten $6 Mn offer to the retail investors in New Zealand. The company has the right to accept the oversubscriptions up to $2 Mn.

ArborGen Holdings Limited (NZX: ARB) rose by 11.67% to $0.335.

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

Movement on Wall Street:

On 15th July 2021, NASDAQ Composite declined by 0.70% to 14,543.13. Notably, Dow Jones Industrials Average rose by 0.15% to 34,987.02.

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



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