Stock market jitters boost NZX volumes
Number of trades doubles year-on-year in August, volumes up 50%.
Turbulent conditions have caused a spike in trading on the New Zealand stock exchange.
The NZX monthly metrics for August shows a market cap for equities of $56.9 billion, up 10.9% year-on-year, while debt securities were $15.7 billion, up 2.1% from the same period last year.
However, the volatility in world markets has resulted in a big increase in trading numbers and volume on the NZX compared to last year.
Total trades were up 100.6% year-on-year to 85,992, with equity transactions rising 111.0% to 82,504 while debt transactions fell 7.4% to 3,488 trades.
The total volume traded on the NZX in August was $2.6 billion, up 51.0% year-on-year while equity transactions were up 54.4% by value.
For the year to date there have been 491,363 trades, up 38.3% compared to the same period last year, while the total value traded, $19.6 billion, is up 37.2%.
The NZX 50 index was sitting at 3,323 points at the time of the update, up 9.5% year-on-year but only up 0.4% in the year to date.
So far this year the NZX has raised $1.27 billion of equity and $612 million of debt, for a total of $1.89 billion raised, including $588 million of new capital listed.
It has also seen increases in its derivatives and grain trading operations.
Derivative lots traded increased 76.7% month-on-month to 804 in August, while tonnes of grain traded rose 54.5% year-on-year to 394,024 in the season to date.
Niko Kloeten
Mon, 05 Sep 2011
Mon, 05 Sep 2011
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Stock market jitters boost NZX volumes
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