NZX share trading declines in April
Total number of trades fell 12 percent to 97,392 in April from the same month a year earlier.
The volume and value of cash trading on New Zealand's share market declined last month.
The total number of trades fell 12 percent to 97,392 in April from the same month a year earlier, while the total value dropped 12 percent to $2.6 billion, Wellington-based NZX said in its monthly shareholder metrics. The daily average number of trades slipped 12 percent to 5,126, while the daily average value slipped 12 percent to $138 million.
The number of equity trades slipped 13 percent to 94,986, while the value slipped 13 percent to $2.5 billion. In the debt market, total trades rose 6.2 percent to 2,406 while the value increased 70 percent to $108 million.
The value of NZX's equity market climbed 13 percent to $102.2 billion, or 48.8 percent of GDP. The number of listed equity securities increased 3.6 percent to 172 from the year earlier.
The value of NZX's debt market slipped 9.1 percent to $12.6 billion, or 6 percent of GDP. The number of listed debt securities fell 5.8 percent to 81 from the year earlier.
Issuers raised $53 million of capital across 22 events in April, taking the capital raised so far this year to $752 million.
Shares of NZX last traded at $1.15, and have shed 1.7 percent so far this year.
(BusinessDesk)
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NZX share trading declines in April
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