Stock exchange operator NZX chalked up a 2 percent rise in total trades in April from a year earlier, due to a rise in the trading of debt securities.Despite the increase in trades, the total value traded fell 11 percent to $1.8 billion, which NZX said w
Stock exchange operator NZX chalked up a 2 percent rise in total trades in April from a year earlier, due to a rise in the trading of debt securities.
Despite the increase in trades, the total value traded fell 11 percent to $1.8 billion, which NZX said was comparable with lower liquidity levels globally.
The 40,928 trades on the main board were at the same level as a year earlier, but the 4214 trades on the debt market were up 20 percent, with the value of debt securities traded up 11 percent to $134m.
The $100m of new debt raised in April took the total for the year-to-date to $883.9m, while $60.5m in new equity took the amount for the year so far to $382.2m.
The NZX-50 index ended the month 20 percent up on a year earlier at 3286 points. Last month the index reached a 19-month high around 3349 points, while in April 2009 it was just starting to recover from levels reached the previous month, which were the lowest levels in more than five years.
