NZX trading activity increases in May, while value falls

Thursday 4th June 2015

Trading activity on New Zealand's share market increased last month, driven by smaller value trades.

The total number of trades rose 10 percent to 124,988 in May from the same month a year earlier, while the total value dropped 18 percent to $3 billion, Wellington based NZX said in its monthly shareholder metrics. The daily average number of trades advanced 16 percent to 5,952, while the daily average value slipped 14 percent to $141 million.

The number of equity trades increased 11 percent to 122,341, while the value slipped 18 percent to $2.9 billion. In the debt market, total trades fell 6 percent to 2,647 while the value declined 0.9 percent to $94 million.

The value of NZX's equity market climbed 15 percent to $102.8 billion, or 43.2 percent of gross domestic product. The number of listed equity securities increased 1.8 percent to 171 from the year earlier.

The value of NZX's debt market slipped 7.9 percent to $12.5 billion, or 5.3 percent of GDP. The number of listed debt securities fell 5.9 percent 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 percent so far this year.

BusinessDesk.co.nz

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