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 0.7256 0.0036 0.50%
AUD 0.9576 0.0002 0.02%
EUR 0.6484 0.0033 0.51%
GBP 0.5535 0.0033 0.60%
HKD 5.6253 0.0256 0.46%
JPY 74.0130 0.3690 0.50%

Commods

Commodity Price Change Time
Gold Index 1323.7 2.760 2016-08-29T00:
Oil Brent 49.5 0.090 2016-08-29T00:
Oil Nymex 47.0 -0.660 2016-08-29T00:
Silver Index 18.8 0.120 2016-08-29T00:

Indices

Symbol Open High Last %
NZX 50 7367.3 7394.4 7367.3 0.24%
NASDAQ 5223.8 5245.1 5218.9 0.26%
DAX 10503.9 10566.7 10587.8 -0.41%
DJI 18421.3 18523.1 18395.4 0.58%
FTSE 6816.9 6857.3 6816.9 0.31%
HKSE 22904.2 22922.7 22909.5 -0.38%
NI225 16631.1 16764.6 16360.7 2.30%
ASX 5515.5 5516.7 5515.5 -0.84%