The NZX 50 Gained 48.01 Points on Wednesday, as Majority of the Indices Traded in Green

1 min read | June 09, 2021 08:21 PM NZST | By Team Kalkine Media

On 9th June 2021, the broader market of NZ was well-supported by the buying witnessed in IT, Healthcare, and Communications stocks, among others. Resultantly, NZX 50 rose by 0.38% to 12,566.50 and NZX 20 increased by 0.37% to 7,994.76.

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

MidCap and SmallCap Outperformed Broader Market:

NZX 50 Index closed at 12,566.50, which implies ~11.22% growth in the time span of 1 year. Also, MidCap Index and SmallCap Index claimed 6,327.21 and 22,076.18 points, respectively.

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

Source: EODHD/Others

Gainers and Losers:

Me Today Limited (NZX: MEE) advised that the special meeting of shareholders would be held on 25th June 2021. This meeting would be to approve the purchase of King Honey Limited.

In the release dated 9th June 2021, Mercury NZ Limited (NZX: MCY) stated that it has revised the FY 2021 EBITDAF guidance from $520 Mn to $460 Mn.

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

Movements on Wall Street:

On 8th June 2021, NASDAQ Composite rose by 0.31% to 13,924.91. However, Dow Jones Industrial Average declined by 0.09% to 34,599.82.

Note: The reference data in this article has been partly sourced from EODHD/Others


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