Sharechat Logo

NZX trading slump in October

Tuesday 2nd November 2010

Text too small?

Trading volumes and value slumped on the NZX debt and equities trading platforms last month, compared to volumes for the same month a year ago.  

Operational statistics for October show a 21% drop in total trades to 42,230 and a 10.3% fall in the value of daily trading to $102 million, although this was up 4% from the September 2010 average.

The total value traded was $2 billion, a 14.5% decline, during a month marked by a string of negative economic indicators, which cast a cautionary pall over business sentiment.

The NZX 50 Index is 2.8% higher than it was in October 2009, and the NZX 10 is up 10%, while total market capitalisation, including the NZAX alternative market, was up 1.1% to $55.4 billion, equivalent to 28.9% of Gross Domestic Product.

The exchange said in its announcement that there had been trading of 25 “lots” on the newly launched dairy derivatives platform, though it is not yet formally reporting trading volumes as a monthly metric.

 

 

Businesswire.co.nz



  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:

Tower Updates FY25 Guidance
February 5th Morning Report
MEL - Tauhei Solar Farm Power Purchase Agreement
TRU - TruScreen Appoints Indonesian Distributor
CRP - Korella North Mine looks to export through Port of Karumba
General Capital subsidiary General Finance update
Devon Funds Morning Note - 24 January 2025
Contact secures gas supply
MCK - MARKET UPDATE ON RESPONSE TO CDLHHNZ TAKEOVER NOTICE
January 22nd Morning Report