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 0.7135 0.0016 0.22%
AUD 0.9575 0.0041 0.43%
EUR 0.6422 0.0024 0.38%
GBP 0.5347 0.0056 1.06%
HKD 5.5358 0.0127 0.23%
JPY 73.4120 0.1950 0.27%

Commods

Commodity Price Change Time
Gold Index 1320.6 1.800 2016-06-30T00:
Oil Brent 49.7 1.480 2016-06-30T00:
Oil Nymex 48.3 -1.510 2016-06-30T00:
Silver Index 18.6 0.220 2016-06-30T00:

Indices

Symbol Open High Last %
NZX 50 6897.5 6912.9 6897.5 0.19%
NASDAQ 4793.8 4843.1 4779.2 1.33%
DAX 9566.1 9695.6 9612.3 0.71%
DJI 17712.8 17930.6 17694.7 1.33%
FTSE 6360.1 6504.3 6360.1 2.27%
HKSE 20736.8 20828.0 20436.1 1.75%
NI225 15698.0 15765.0 15575.9 0.62%
ASX 5233.4 5278.9 5233.4 0.64%