NZX trades up 40.7% in May

Friday 3rd June 2011 1 Comment

Trading on the NZX securities market soared 40.7% last month and the total value of trades climbed 27% to $3 billion.

The total number of trades in May rose to 72,426 with the total value rising 27% to $3 billion.

The benchmark NZX50 index also hit its highest point in three years last month with low interest rates and rising commodity prices fuelling optimism in the economy.

The equity market capitalisation of the NZX increased 15% to $59.4 billion in May on the year earlier.

Equity trades increased 45% to 68,373 and the value traded rose 29% to $2.9 billion.

The number of debt trades fell 6.2% to 4,053 while the value fell 11% to $115 million.

A total of 295 securities were listed on the NZX in May, a 5.4% fall from a year a year earlier.

Comments from our readers

On 4 June 2011 at 11:18 am Bruce Fuller said:

I am not surprised at what appears to be more people buying shares. They are waking up to the fact there is not profit in leaving your money in the bank!