Friday 26th July 2013
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Cash trading on the NZX surged in the first half of the year as more equities changed hands.
The total value traded rose 56 percent to $20.8 billion from the same period a year earlier, market operator NZX said in a statement. The number of equity trades jumped 19 percent while debt trades fell 17 percent, according to the figures.
The stock market's equity market capitalisation rose 28 percent to $72.9 billion while the debt market capitalisation fell 11 percent to $13.8 billion. Issuers raised $885 million raised in the first half, an increase of 23 percent on the same period last year.
The total number of equity securities slipped 2.9 percent to 165, while the number of debt securities fell 12 percent to 91. Still, the amount of new capital listed jumped 1,982 percent to $3.8 billion, buoyed by the float of MIghtyRiverPower in May.
Shares in NZX last traded at $1.32, and have gained 9.1 percent so far this year.
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