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NZX cash market trading volume falls in August, value rises

Wednesday 5th September 2012

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NZX cash market trading fell in volume last month while the value of trades increased in both equity and debt securities, according to the market operator's monthly shareholder metrics.

Total trades fell 13.7 percent to 74,210 in August from a year earlier and the total value traded gained 9.5 percent to $2.9 billion, reversing the pattern since early January where monthly volumes rose and values fell.

NZX's August figures show total equity transactions fell 14 percent to 70,965 and the value traded gained 9.2 percent to $2.8 billion. Total debt transactions fell 7 percent to 3,245 while the value jumped 20.4 percent to $92 million.

The market capitalisation of equities traded on the NZX rose 7.4 percent to $61.1 billion in August from a year earlier while the value of debt fell 3.6 percent to $15.1 billion.

There were 168 equity securities listed, down 1.2 percent from a year ago, while debt securities fell 6.4 percent to 102.

There was $93 million of equity capital raised in August and no debt.

Shares of NZX fell 0.9 percent to $1.07 and have gained 11 percent this year.

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