NZX trading improvement continues
Share trading on the NZX in February continued 2010's improving trend, the company says.
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Share trading on the NZX in February continued 2010's improving trend, the company says.
Figures from the company today show the 2474 average daily trades last month were 15.3 percent ahead of February 2010, while the daily average value traded was up 22.5 percent to $113 million.
Total equity raised in February was a scant $20m, taking the year-to-date figure to $30m. Only $6m of debt was raised, making the total for the first two months of 2011 $82m.
For the whole of 2010 $1.4 billion of new equity was raised, along with $1.8 billion of new debt.
Last year the 2135 average number of daily trades on the NZX was 6.4 percent lower than in 2009, reflecting the prolonged effects of the global financial crisis through the first half of 2010, NZX said.
From a low base at the beginning of 2010, a steady upward momentum had developed.
In the first three months of 2010, the daily average value traded had been $84m, while by the last three months of the year it had been 23 percent higher at $103m, NZX said.
The 540,268 trades for 2010 was 6.1 percent down on 2009, but the fourth quarter was 3 percent higher than the first.
NZPA
Thu, 03 Mar 2011
Thu, 03 Mar 2011
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NZX trading improvement continues
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