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On 9th July 2021, the broader NZ market ended the session lower, as significant selling pressure was witnessed in Financials stocks, followed by Industrials and Information Technology Stocks, among others. Notably, NZX 50 Index decreased by 0.49% and NZX 20 Index fell by 0.52%. NZX All Financials fell by 1.26%.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
MidCap and SmallCap Outperformed Broader Market:
NZX 50 Index ended at 12,690.35, which implies ~10.92% rise over the time frame of the last 1 year. Also, MidCap Index and SmallCap Index claimed 6,404.95 and 22,568.11 points, respectively.
S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – Performance Over One Year
Source: EODHD/Others
Gainers and Losers:
Radius Residential Care Limited (NZX: RAD) made an announcement that it has wrapped the bookbuild for the placement component of up to $50 million equity raising which was announced on 8th July 2021. The company has accepted the full amount of oversubscriptions available to raise $30 million.
On 9th July 2021, NZ Windfarms Limited (NZX: NWF) rose by 5.77%.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Movement on Wall Street:
On 8th July 2021, NASDAQ Composite declined by 0.72% to 14,559.79. Notably, Dow Jones Industrials Average witnessed a fall of 0.75% to 34,421.93.
Note: The reference data in this article has been partly sourced from EODHD/Others