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 0.7555 -0.0005 -0.07%
AUD 0.9661 -0.0004 -0.04%
EUR 0.6762 0.0001 0.01%
GBP 0.4920 0.0000 0.00%
HKD 5.8594 -0.0035 -0.06%
JPY 90.3750 -0.0840 -0.09%

Commods

Commodity Price Change Time
Gold Index 1204.4 -2.380 2015-03-03T00:
Oil Brent 61.8 0.270 2015-03-03T00:
Oil Nymex 50.4 2.900 2015-03-03T00:
Silver Index 16.3 -0.171 2015-03-03T00:

Indices

Symbol Open High Last %
NZX 50 5893.7 5893.7 5893.7 -0.21%
NASDAQ 4990.7 4996.7 5008.1 -0.56%
DAX 11424.7 11465.2 11410.4 -1.14%
DJI 18282.0 18282.0 18288.6 -0.47%
FTSE 6940.6 6963.6 6940.6 -0.74%
HKSE 24656.9 24706.0 24702.8 -0.22%
NI225 18716.8 18717.2 18815.2 -0.74%