NZX daily cash trades rise 12%

Sharemarket operator NZX reported a 12.2% rise in first quarter average daily cash market trades to 2349, with the daily average value traded rising 27% from a year earlier to $106 million.

Total equity trades were up 15.2% to 137,531 for the quarter, with the total value traded up 30.7% to $6.3 billion, NZX said today.

Total debt trades fell 21.9% to 8117, with the value traded down 26.1% to $248 million.

During the three months $535 million of equity was raised along with $100 million of debt.

Operating revenue for the quarter rose 14% from a year earlier to $13.5 million, including listings revenue up 40% to $3.34 million and commodities trading revenue more than doubling to $498,000.

NZX shares were down 4c to $2.26 at mid-afternoon.

NZPA

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