Sharechat Logo

New Zealand stock trading declines in August

Tuesday 2nd September 2008

Text too small?
New Zealand stock trading declined last month and the benchmark NZX 50 Index shrank 21%, according to the bourse's monthly survey.

There were 45,069 NZSX trades, down 20% from the previous month, NZX said. The value of trading fell 24% to NZ$2.39 billion. The NZX 50's market value fell to NZ$58.37 billion.

Liquidity on the NZX 50 also declined in August, by 2% to 56%, NZX said.

By Jonathan Underhill



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

NZ dollar falls, NZX suspends trading after 6.2 magnitude Wellington earthquake
Cash trading on New Zealand stock exchange surges in first half, driven by equities
NZX cash trading tops $5 bln as MightyRiverPower listing beefs up market
NZX cash trading value jumps by 58 percent in February from a year earlier
NZX looks to launch spot gas market in June
NZX full-year profit falls 32 percent
NZX boss Bennett rounds out 2012 filings with $1.87M share acquisition
Equity trading jumps in NZX cash market as NZX 50 nears 5-year high
NZX names Amelia Wong as head of cash markets
NZX rings more changes as PR chief Macrae exits