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Tuesday 2nd February 2010 |
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Trading on NZX Ltd’s markets picked up last month, suggesting New Zealand’s emergence from recession has stoked sentiment, though the value of trade eased.
Total trades rose 14% to 36,139 last month from a year earlier, the securities market operator said in a statement today. The value of trading fell 3% to $1.45 billion.
Trading declined 4% by value to $1.38 billion on the NZSX while total trades rose 12% to 33,688. On the NZDX debt market, trading volume jumped 42% to 2,315 while the value of trade rose 22% to $68 million.
Trading on the NZAX Market for small companies, start-ups and those with alternative structures, climbed 39% to 136 while the value advanced 276% to $1 million.
The market capitalisation of the NZSX market rose 14% to $53.62 billion in January from a year earlier, amounting to 29% of gross domestic product.
The market value of the NZDX market rose 8% to $15 billion.
Businesswire.co.nz
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