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On 2nd June 2021, the selling pressure witnessed in Healthcare sector that impacted the performance of the NZ markets, amongh other factors. However, Materials and Industrials stocks reported some buying. Notably, NZX 50 declined by 0.18% to 12,440.05 and NZX 20 fell by 0.27% to 7,914.72. Also, NZX All Healthcare sector witnessed a fall of 2.21%.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
MidCap and SmallCap Outperformed Broader Market:
NZX 50 Index managed to close at 12,440.05, reflecting ~12.74% growth in the time span of 1 year. Also, MidCap Index and SmallCap Index claimed 6,363.98 and 22,011.90 points, respectively.
S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – One Year Return
Source: EODHD/Others
Gainers and Losers:
In the release dated 27th May 2021, Smartpay Holdings Limited (NZX: SPY) announced its unaudited results for the full-year ended 31st March 2021. Its revenue stood at $33.8 Mn, reflecting 19.7% growth on the previous year. Its EBITDA was $7.6 Mn, reflecting a 2.7% rise on the prior year.
As per the announcement made by Me Today Limited (NZX: MEE) on 31st May 2021, it would be acquiring 100% of King Honey Limited from the interests associated with Terry Jarvis and the total consideration amounted to $36 Mn. In conjunction with the acquisition, it intends to garner $15.75 Mn (involving an issue price of 8.8 cps) in order to partially finance the acquisition, as well as has mandated CM Partners to help with the capital raise.
Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media
Movements on Wall Street:
On 1st June 2021, NASDAQ Composite fell by 0.09% to 13,736.48. However, Dow Jones Industrial Average increased by 0.13% to 34,575.31.
Note: The reference data in this article has been partly sourced from EODHD/Others