NZX value of cash market trading tumbles 13.2%
The fifth monthly decline in a row, though NZX shares remain unchanged.
BUSINESSDESK: The value of trading in NZX’s cash markets fell 13.2% in May from a year earlier, the fifth monthly decline.
Trading was valued at $2.6 billion in May. Equity trades fell 13.2% to $2.5 billion and debt trades declined 12.6% to $101 million, NZX said in its monthly shareholder metrics report.
The value in the equity markets turnover fell even as the volume of transactions rose. Total equity trades jumped 34.6% to 92,009. Debt trades dropped 7% to 3769.
There were total 171 equity securities listed, unchanged from May 2011, and 104 debt securities, down 5.5%.
The value of equities by market capitalisation fell 1.8% to $58.4 billion, while debt fell 0.6% to $15.8 billion.
Shares in NZX were unchanged at $1.20.
Hannah Lynch
Wed, 06 Jun 2012
Wed, 06 Jun 2012
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NZX value of cash market trading tumbles 13.2%
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