NZX cash trading gains for fourth consecutive month
The volume of cash market trading rose 16% to 148,207 in November from the same month a year earlier.
Cash trading on the NZX increased for a fourth consecutive month in November, with the value and volume of trades rising.
The volume of cash market trading rose 16% to 148,207 in November from the same month a year earlier, Wellington-based NZX said in its monthly shareholder metrics. Daily average trades increased 11% to 6737 while the daily average value rose 14% to $177 million.
The volume of equity transactions in November increased 16% to 144,029 and the value of those trades advanced 17% to $3.7 billion. The benchmark S&P/NZX 50 Index plunged in early November after Donald Trump was elected US President, but recovered over the course of the month.
Meanwhile, the volume of debt transactions jumped 40% to 4178 as the value traded soared 65% to $205 million. NZX's debt market has a renewed vigour this year as low interest rates have made bonds an attractive funding option for companies. The number of debt securities on the market jumped 22% compared with the year earlier to 106, while the 303 listed securities across all asset classes was up 6.3%.
Shares of NZX last traded at $1.01 and have slid 6.5% this year.
(BusinessDesk)
Sophie Boot
Mon, 05 Dec 2016
Mon, 05 Dec 2016
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NZX cash trading gains for fourth consecutive month
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