NZX trading growth accelerates in October

Growth in the value of trading on the NZX accelerated last month as the benchmark NZX 50 Index reached near five-year highs.

The total value traded on the NZX rose 26% to $2.5 billion in October from the same month a year earlier, with a 26% rally in the value of equity transactions and a 12% gain in debt security trading, the NZX's monthly shareholder metrics report says.

Total value traded fell 0.9% to $23.6 million in the year-to-date, slowing from the 3.3% pace of decline in September.

The number of equity transactions climbed by a third to 73,679 in October from a year earlier, while debt trades fell 2.8% to 2918.

The stock exchange's equity market capitalisation rose 16% to $65.6 billion, or 32% of gross domestic product, while the debt market cap shrank 2.9% to $15 billion.

The metrics come in a month where New Zealand's benchmark index closed above 4000 for the first time since December 2007. The NZX 50 Index fell 0.5%, to 3914.07 at the close of trading on Friday.

The total number of equity securities was unchanged at 168 in October, in what has been a light year for new offers with the government's partial listings of state-owned power companies looming high on investors' minds.

Boutique beer brewer Moa Group will float on the stock exchange this month.

The number of debt securities fell 8.3% to 99, while other securities dropped 36% to seven.

Issuers raised $249 million across 29 offers in October, taking capital raising to $2.64 billion in 223 events in the year-to-date.

(BusinessDesk)


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NZ Market Snapshot

Forex

Sym Price Change
USD 0.7179 0.0088 1.24%
AUD 0.9472 0.0034 0.36%
EUR 0.6431 0.0036 0.56%
GBP 0.5425 0.0035 0.65%
HKD 5.5694 0.0706 1.28%
JPY 73.8410 -0.3800 -0.51%

Commods

Commodity Price Change Time
Gold Index 1334.4 -4.940 2016-07-28T00:
Oil Brent 44.2 -0.470 2016-07-28T00:
Oil Nymex 41.1 -0.770 2016-07-28T00:
Silver Index 20.2 0.192 2016-07-28T00:

Indices

Symbol Open High Last %
NZX 50 7306.4 7357.7 7306.4 0.57%
NASDAQ 5162.1 5165.4 5155.0 -0.25%
DAX 10320.8 10355.3 10274.9 0.39%
DJI 18442.5 18448.3 18456.3 -0.41%
FTSE 6721.1 6734.6 6721.1 -0.27%
HKSE 22056.0 22152.8 22174.3 -1.28%
NI225 16359.7 16679.2 16476.8 0.56%
ASX 5556.6 5570.4 5556.6 0.10%