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)


Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.6700 0.0008 0.12%
AUD 0.9324 0.0012 0.13%
EUR 0.6027 0.0004 0.07%
GBP 0.4582 0.0006 0.13%
HKD 5.2032 0.0046 0.09%
JPY 74.1440 0.4220 0.57%

Commods

Commodity Price Change Time
Gold Index 1212.7 -6.530 2016-05-27T00:
Oil Brent 50.0 0.550 2016-05-27T00:
Oil Nymex 49.3 -0.080 2016-05-27T00:
Silver Index 16.3 -0.070 2016-05-27T00:

Indices

Symbol Open High Last %
NZX 50 6992.6 6992.6 6992.6 -0.04%
NASDAQ 4904.1 4933.5 4901.8 0.65%
DAX 10257.9 10298.8 10272.7 0.13%
DJI 17826.8 17873.2 17828.3 0.25%
FTSE 6265.6 6275.9 6265.6 0.08%
HKSE 20425.0 20620.2 20397.1 0.88%
NI225 16830.5 16901.1 16772.5 0.37%
ASX 5388.1 5427.7 5388.1 0.33%