Thursday 3rd March 2011 |
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Share trading on the NZX in February continued 2010's improving trend, the company says.
Figures from the company today show the 2474 average daily trades last month were 15.3% ahead of February 2010, while the daily average value traded was up 22.5% to $113 million.
Total equity raised in February was a scant $20 million, taking the year-to-date figure to $30 million. Only $6 million of debt was raised, making the total for the first two months of 2011 $82 million.
For the whole of 2010 $1.4 billion of new equity was raised, along with $1.8 billion of new debt.
Last year the 2135 average number of daily trades on the NZX was 6.4% lower than in 2009, reflecting the prolonged effects of the global financial crisis through the first half of 2010, NZX said.
From a low base at the beginning of 2010, a steady upward momentum had developed.
In the first three months of 2010, the daily average value traded had been $84 million, while by the last three months of the year it had been 23% higher at $103 million, NZX said.
The 540,268 trades for 2010 was 6.1% down on 2009, but the fourth quarter was 3% higher than the first.
NZPA
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