Stock exchange operator NZX saw a fall in value and volume of total trades in August compared to the same month last year.The total number of trades dropped 23% to 42,866 compared to August 2009, and 3% compared to July 2010 as it continues to see "m
Stock exchange operator NZX saw a fall in value and volume of total trades in August compared to the same month last year.
The total number of trades dropped 23% to 42,866 compared to August 2009, and 3% compared to July 2010 as it continues to see "muted demand for equities."
The total value traded fell 27% to $1.76 billion compared to last year, though it increased 21% on July 2010.
The average daily trades were down 27% to 1948, and the daily average value traded was down 30% to $80m.
The 38,990 trades on the main board were 23% lower than August 2009 and value fell 26% to $1.69m.
Trades dropped 21% to 3768 on the debt market and value dropped 41% to $87m.
The alternative market had a 58% fall in trades with 108 and a 60% fall in value with $450,000.
NZX last traded at 148, up 3c.
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