Tuesday 2nd December 2008
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The total value of trade fell 57% to $1.4 billion in November from the same month of 2007 and the daily average traded dropped 53% to $72 million, according to NZX figures. The daily average number of trades slipped 18% to 2078.
The NZX 50 Index fell 2% to 2626.08 today and has shed almost $3 billion of value in the past four weeks. The index has dropped about 33% this year.
Equity capital raisings amounted to just $4 million last month, while $2 million of debt was raised.
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