NZX value of cash market trading falls 1.1% in March
The value of trading in NZX's cash markets fell 1.1% last month, with declines in the value of both stock and bond trades.
BUSINESSDESK: The value of trading in NZX’s cash markets fell 1.1% last month, with declines in the value of both stock and bond trades.
Trading was valued at $3 billion in March.
Equity trades fell 1% from the same month last year to $2.9 billion and debt trades declined 3.8% to $118 million, NZX said in its monthly shareholder metrics report.
The value in both markets fell even as the volume of transactions rose.
Total equity trades surged 21% to 69,098, while debt trades jumped 29% to 4278.
There were total 171 equity securities listed, down 0.6% from March 2011, and 106 debt securities, down 5.4%.
The value of equities by market capitalisation rose 1.3% to $58.9 billion and debt rose 1.4% to $15.8 billion.
Shares of NZX traded at $2.81 yesterday and have climbed 24% this year.
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NZX value of cash market trading falls 1.1% in March
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