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
(BusinessDesk) The value of trading in NZX debt and equity markets rose 15% in September from a year earlier, ending seven months of decline.
The total value of trades last month was $2.6 billion, underpinned by strength in share trading.
The value of equity trading climbed 16% to $2.5 billion while the value of trading on the debt market declined 5.9% to $93 million, NZX says in its monthly shareholders metrics report.
The total number equity securities listed fell 0.6% to 168 from September 2011, while the debt securities declined 7.4% to 100.
New Zealand's capital markets showed increasing signs of life, with the total market capitalisation for stocks rising 14% to $63.5 billion, about 31% of gross domestic product, from the same month a year earlier.
The market cap for the debt market fell 2% to $15.2 billion, or 7.4% of GDP.
Shares of NZX were unchanged at $1.13 yesterday and have gained about 17% this year.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Confirmed – MediaWorks group head of revenue takes off to Air New Zealand
- If John Key were a 'pretty little thing’
- Firms grow gloomier about economic outlook; scale back investment, hiring plans
- Foley Family full-year operating profit more than doubles, as bottled, bulk wine sales rise
- Vector Arena sold to international promoters