NZX trading growth accelerates in October

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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 0.6628 -0.0036 -0.54%
AUD 0.8957 0.0016 0.18%
EUR 0.6044 -0.0012 -0.20%
GBP 0.4298 -0.0012 -0.28%
HKD 5.1409 -0.0279 -0.54%
JPY 80.9160 -0.7260 -0.89%

Commods

Commodity Price Change Time
Gold Index 1152.6 -17.510 2015-07-07T00:
Oil Brent 57.4 -3.220 2015-07-07T00:
Oil Nymex 52.4 0.230 2015-07-07T00:
Silver Index 15.0 -0.793 2015-07-07T00:

Indices

Symbol Open High Last %
NZX 50 5804.6 5811.4 5803.2 -0.61%
NASDAQ 4993.8 5002.0 4991.9 0.11%
DAX 10710.3 10710.3 10676.8 0.13%
DJI 17684.9 17793.5 17683.6 0.53%
FTSE 6432.2 6468.2 6432.2 0.47%
HKSE 24411.3 24411.3 24975.3 -7.82%
NI225 20282.5 20310.9 20376.6 -3.14%