NZX trading improvement continues

Thursday 3rd March 2011

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

Comments from our readers

No comments yet