NZX says liquidity improving
There were seven trading days in September where the daily average value on the NZX exceeded $100 million compared to just one day in August, which suggests improving liquidity trends, the stock exchange operator says.The total value traded on NZX Securit
Jamie Gray
Tue, 05 Oct 2010
There were seven trading days in September where the daily average value on the NZX exceeded $100 million compared to just one day in August, which suggests improving liquidity trends, the stock exchange operator says.
The total value traded on NZX Securities Markets increased by 23% in September to $2.2 billion compared to August, with the most marked increase seen in the NZX50 shares, the NZX said in its operational report for September.
The total number of trades increased by 15% over the same period, with increases of 16% on the NZX Main Board and 43% on the NZX Alternative Market.
Total capital raised in September increased by more than 200% compared to capital raised in August.
Greenstone Energy raised $147 million through its retail bond issue, with strong investor demand leading to the company upsizing the offer from the original expected size of $100 million.
Total new equity raised was $195 million, with Kingfish issuing $41 million of warrants and Hellaby Holdings raising $28 million through a rights issue.
Jamie Gray
Tue, 05 Oct 2010
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