The NZX 50 Shed 21.06 Points on Monday, Driven by the Fall in Materials, Consumer Discretionary, and Primary Sector

2 min read | July 20, 2021 12:09 AM NZST | By Team Kalkine Media

On 19th July 2021, the benchmark index ended the session in red as significant sellling pressure was witnessed in Materials stocks, followed by Consumer Discretionary and Primary Sector stocks. Notably, NZX 50 Index declined by 0.17% to 12,652.09 and NZX 20 Index fell by 0.15% to 8,027.85. Further, NZX All Materials witnessed a fall of 1.70%.

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

MidCap and SmallCap Outperformed Broader Market:

NZX 50 Index ended at 12,652.09, which implies ~9.51% increase over the previous 1 year. Also, MidCap Index and SmallCap Index claimed 6,332.36 and 22,595.87 points, respectively.

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

Source: EODHD/Others

Gainers and Losers:

In the release dated 15th July 2021, Michael Hill International Limited (NZX: MHJ) provided the trading update for the year ended 27th June 2021. It was mentioned that robust business performance as well as disciplined inventory management, coupled with the focus towards costs, resulted in the year-end net cash position of ~$70 Mn.

On 19th July 2021, PaySauce Limited (NZX: PYS) rose by 4.62% to $0.340.

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

Movement on Wall Street:

On 16th July 2021, NASDAQ Composite declined by 0.80% to 14,427.24. Notably, Dow Jones Industrials Average fell by 0.86% to 34,687.85. 

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

 


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