Sharemarket trading increases; value falls
Rise in sharemarket trading last month.
Trading activity on New Zealand's sharemarket [NZX] increased last month, driven by smaller value trades.
The total number of trades rose 10% to 124,988 in May from the same month a year earlier, while the total value dropped 18% to $3 billion, Wellington-based NZX says in its shareholder metrics. The daily average number of trades advanced 16% to 5952, while the daily average value slipped 14% to $141 million.
The number of equity trades increased 11% to 122,341, while the value slipped 18% to $2.9 billion. In the debt market, total trades fell 6% to 2647 while the value declined 0.9% to $94 million.
The value of NZX's equity market climbed 15% to $102.8 billion, or 43.2% of gross domestic product. The number of listed equity securities increased 1.8% to 171 from the year earlier.
The value of NZX's debt market slipped 7.9% to $12.5 billion, or 5.3% of GDP. The number of listed debt securities fell 5.9% to 80 from the year earlier.
Issuers raised $11 million of capital across eight events in May, taking the capital raised so far this year to $763 million.
Shares of NZX last traded at $1.13, and have shed 3.4% so far this year.
(BusinessDesk)
Tina Morrison
Thu, 04 Jun 2015
Thu, 04 Jun 2015
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Sharemarket trading increases; value falls
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