The stock exchange operator saw an increase in the amount and value of shares traded in the first three months of the year, but capital raised failed to match the record a year earlier.Reflecting a recovery in markets from last year's turmoil, total trade
The stock exchange operator saw an increase in the amount and value of shares traded in the first three months of the year, but capital raised failed to match the record a year earlier.
Reflecting a recovery in markets from last year's turmoil, total trades for the first quarter rose 11 percent to 129,803, while average daily trades were up 9 percent, NZX said today.
The total value traded during the quarter was $336 million, up 32 percent on a year earlier.
Total capital raised was $1.1 billion, compared with the $1.36b a year earlier. New debt raised totalled $783.9m.
However, in the three months to March, NZX subsidiary Smartshares, which manages exchange traded funds, saw funds decline by 50 percent to $330m.
The top-50 index was at 3268 by the end of March, up 26 percent on a year earlier but only 3 percent higher than at the start of the year.
The index hit a five-year low of 2411 in March 2009 as world markets weakened during the global economic crisis, and recovered over the next 12 months.
However, the market recovery hit a bump with the index correcting again during the quarter before recovering lost ground.
There were 61 issuers listed on the NZDX, the debt market, and 30 on the alternative NZAX market.
The value traded on the NZSX fell 1 percent to $4.85b, but rose 32 percent on the NZDX to $336m.
Shares in NZX were down 3c at $1.85, having hit a year low last week of $1.80.
