NZX trading fell in June as stock prices tumbled

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

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.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

PFI - Q3 Div & Upgraded FY25 Div Guidance, FY26 Div Guidance
AIA - Auckland Airport announces leadership team change
May 9th Morning Report
May 8th Morning Report
NZME Takeovers Panel determination
MNW - Commerce Commission clears the Contact Energy acquisition
May 7th Morning Report
General Capital Appoints New CFO
SUM - Summerset Considers Retail Bond Offer
SKC - Updated FY25 Full Year Earnings Guidance