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 0.7423 0.0009 0.12%
AUD 0.9359 -0.0054 -0.57%
EUR 0.6581 -0.0082 -1.23%
GBP 0.4925 -0.0018 -0.36%
HKD 5.7541 0.0066 0.11%
JPY 87.8220 0.8260 0.95%

Commods

Commodity Price Change Time
Gold Index 1292.6 -7.090 2015-01-23T00:
Oil Brent 49.9 0.320 2015-01-23T00:
Oil Nymex 45.6 -0.820 2015-01-23T00:
Silver Index 18.3 -0.060 2015-01-23T00:

Indices

Symbol Open High Last %
NZX 50 5675.2 5703.0 5675.2 0.41%
NASDAQ 4752.4 4765.0 4757.9 -0.03%
DAX 10593.0 10807.6 10649.6 1.44%
DJI 17668.1 17688.3 17672.6 -0.11%
FTSE 6832.8 6855.9 6832.8 0.29%
HKSE 24907.2 24916.5 24850.5 0.24%
NI225 17285.7 17471.9 17511.8 -0.25%