NZX cash market trading volume falls in August, value rises
BUSINESSDESK: NZX cash market trading fell in volume last month, while the value of trades increased in both equity and debt securities, the market operator's monthly shareholder metrics shows.
Total trades fell 13.7% to 74,210 in August from a year earlier and the total value traded gained 9.5% to $2.9 billion, reversing the pattern since early January, where monthly volumes rose and values fell.
NZX's August figures show total equity transactions fell 14% to 70,965 and the value traded gained 9.2% to $2.8 billion. Total debt transactions fell 7% to 3245, while the value jumped 20.4% to $92 million.
The market capitalisation of equities traded on the NZX rose 7.4% to $61.1 billion in August from a year earlier, while the value of debt fell 3.6% to $15.1 billion.
There were 168 equity securities listed, down 1.2% from a year ago, while debt securities fell 6.4% to 102.
There was $93 million of equity capital raised in August and no debt.
Shares of NZX fell 0.9% to $1.07 and have gained 11% this year.