The volume of share trading rose for a 20th month in April, when the government completed its partial privatisation programme with the listing of Genesis Energy, though the value of activity fell for a fifth month.
The number of trades climbed 36 percent to 111,146 in April from a year earlier, with transactions of less than $50,000 advanced 38 percent to 102,876. Daily average value traded rose 4 percent to $156 million in a month shortened by public holidays, and the total value traded in April fell 1.2 percent to $3 billion.
Equity trading continued to dominate NZX activity, with total trades up 39 percent to 108,880, and value traded edged up 0.4 percent to $2.9 billion. Debt market activity dropped 27 percent to 2,266 with a 43 percent slump in value traded to $63 million.
The stock market got a shot in the arm from the government's sell down of power companies and Air New Zealand over the past year, with Genesis rounding out the programme in April.
The Genesis listing drove $2.51 billion of new capital listing on the NZX last month. The number of equity securities listed rose 1.2 percent to 165 in April from a year earlier, while debt securities dropped 6.5 percent to 86, and other securities fell 14 percent to 6.
Listed issuer raised $243 million in primary equity and $3 million in dual or secondary equity in April across 24 events. Some $726 million has been raised in the year so far.
The market value of all equity was up 24 percent to $90.2 billion, or 39.7 percent of gross domestic product, as at April 30, while debt capitalisation was up 1 percent to $13.9 billion, or 6.1 percent of GDP.
NZX shares were unchanged at $1.25 on Friday, and have increased 0.8 percent this year.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- MARKET CLOSE: NZ shares mixed; Spark, Fletcher join Asian rally, Xero drops as Drury trims stake
- iPredict closing down due to money laundering risk
- Serco's prison report challenge: Hide and Davis go head-to-head
- Tech expert's complaint about 'snake oil' ad upheld
- Xero directors Drury, Winkler and Morgan cash in on 35% share price rally
Most listened to
- “A very ballsy thing to do” – Rodney Hide and Kelvin Davis discuss Serco’s response to Correction’s Mt Eden Prison report
- “The response from shareholders has been overwhelming” — A2 Corporation chief executive Geoff Babidge
- Greg Gent says a board of 13 people is "prehistoric"
- Arvida CEO Bill McDonald on his company's half-year net profit
- Lance Wiggs on the future of food exports
- Auckland Councillor Chris Darby on the Council's alternative funding report
- Nevil Gibson discusses his latest Editor's Insight on oil prices
- Campbell Gibson, Nick Grant and Chelsea Armitage chat about the inner workings of New Zealand media
- Paul Brislen discusses the 'snake oil' sales tactics of SalesConcepts
- Fonterra chief executive Theo Spierings reveals his ambitious China plan
- UDC Finance chief executive Wayne Percival talks about the company's profit
- Hamish McNicol discusses the latest court stories