NZX trading growth accelerates in October

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

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.


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


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%


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:


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%