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 0.6821 -0.0069 -1.00%
AUD 0.9276 0.0065 0.71%
EUR 0.5992 -0.0046 -0.76%
GBP 0.4732 -0.0021 -0.44%
HKD 5.3062 -0.0410 -0.77%
JPY 73.0520 -0.8800 -1.19%

Commods

Commodity Price Change Time
Gold Index 1294.0 16.530 2016-05-06T00:
Oil Brent 45.9 0.410 2016-05-06T00:
Oil Nymex 45.3 0.410 2016-05-06T00:
Silver Index 17.5 0.200 2016-05-06T00:

Indices

Symbol Open High Last %
NZX 50 6876.5 6904.6 6876.5 0.31%
NASDAQ 4695.9 4736.1 4717.1 0.40%
DAX 9805.4 9917.6 9851.9 0.18%
DJI 17650.3 17744.5 17660.7 0.45%
FTSE 6117.2 6129.9 6117.2 0.14%
HKSE 20357.5 20377.9 20449.8 -1.66%
NI225 16212.7 16271.6 16147.4 -0.25%