Sharechat Logo

NZX trading fell in June as stock prices tumbled

Tuesday 1st July 2008

Text too small?
Trading on the NZX fell last month as New Zealand's benchmark stock index slid to a three-year low.

There were 50,805 trades in June valued at NZ$2.58 billion, an 11% drop from the same month last year, the exchange said in a statement.

NZX's own stock fell 1.9% to NZ$7.40, a three-month low.

New Zealand shares have tumbled this year as the economy contracted and consumer confidence dropped amid rising costs of credit, food and fuel. The NZX 50 Index has shed NZ$2.8 billion of market value in the past two weeks.

On the NZAX Market there were 289 trades last month, worth NZ$1 million while on the NZX debt market, there were 2,570 trades worth NZ$181 million.

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
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:

Livestock Improvement Corporation Limited (NZX: LIC) Special Dividend
8th December 2021 Morning Report
New Zealand King Salmon Investments Limited (NZX: NZK) Market Update
Scales Corporation Limited (NZX: SCL) Market update
Delegat Group Limited (NZX: DGL) $333 million syndicated bank facilities
7th December 2021 Morning Report
Sky Network Television Limited (NZX: SKY) Transformation accelerates - Sky raises FY22 guidance
PGG Wrightson Limited (NZX: PGW) FY22 Operating EBITDA forecast to better last year
Vulcan Steel Limited (NZX: VSL) Trading Update & Earnings Upgrade
6th December 2021 Morning Report