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NZX value of cash market trading falls 12.8% in April

Thursday 3rd May 2012

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The value of trading in NZX’s cash markets fell 12.8 percent in April from a year earlier, the fourth monthly decline, with turnover in the $15.8 billion debt market falling below $100 million.

Trading was valued at $1.9 billion in April. Equity trades fell 12.2 percent to $1.8 billion and debt trades declined 24 percent to $96 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 37 percent to 71,956. Debt trades dropped 12.4 percent to 3,000.

There were total 171 equity securities listed, down 0.6 percent from April 2011, and 104 debt securities, down 7.1 percent.

The value of equities by market capitalisation fell 0.1 percent to $59.6 billion and debt rose 7.7 percent to $15.8 billion.

Shares of NZX traded at $2.80 yesterday and have climbed 23 percent this year.

BusinessDesk.co.nz

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