NZX market activity down in 2010
Sharemarket operator NZX reported largely weaker activity on the stock exchange in 2010 compared with 2009, but figures indicate momentum picked up during the latest year.
Sharemarket operator NZX reported largely weaker activity on the stock exchange in 2010 compared with 2009, but figures indicate momentum picked up during the latest year.
The average number of daily trades on NZX securities markets of 2135 in 2010 was down 6.4% from a year earlier, with the daily averagedollar value traded down 7.9% to $91 million.
Publishing the data today, NZX said the figures reflected the prolonged effects of the global financial crisis through the first half of 2010.
There had been steady upward momentum from a low base at the start of 2010.
Figures for December show average daily trades of 2097, up 2.1% from December 2009, while the daily average traded last month of $106 million was up 30.8% from a year before.
The daily average value traded in December was boosted by two days when institutional portfolio rebalancing lead to values of $248 million and $310 million, NZX said.
Real time data terminal numbers were up 3.6% in December from a year earlier to 7536, which was also up 2.2% on November numbers, due to increasing international interest in New Zealand markets.
Of $1.4 billion of new equity raised in 2010, $194 million was raised in December, while the $1.8 billion of new debt for the year included $100 million raised last month.
The NZX-50 index ended the year up 2.4% from a year earlier.
On the NZX debt market, total trades of nearly 46,000 in 2010 were up 7.2% from a year earlier, although the value traded was down 14.2% to $1.3 billion.
In December, total trades on the debt market were 4% lower than a year earlier at 3544, with the value down 19.8% to $81 million.
NZPA and NBR staff
Fri, 07 Jan 2011
Fri, 07 Jan 2011
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NZX market activity down in 2010
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