NZX trading value rises in September, ending 7 months of decline
(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.