Sharechat Logo

NZX cash trading drops in December, debt transactions remain strong

Monday 9th January 2017

Text too small?

Cash trading on the NZX dropped in December, halting a four-month streak of gains, with both the value and volume of trades declining.

The volume of cash market trading fell 4.9 percent to 121,605 in December from the same month a year earlier, with total value traded down 11 percent to $3 billion, Wellington-based NZX said in its monthly shareholder metrics released this morning. Daily average trades dipped 0.2 percent to 6,080, while the daily average value fell 6.8 percent to $149 million.

The volume of equity transactions in November fell 5.6 percent to 118,059 and the value of those trades declined 12 percent to $2.8 billion. The benchmark S&P/NZX 50 Index ended the month 0.7 percent lower, having declined early in the month before recovering towards the end of the year.

Meanwhile, the volume of debt transactions increased 23 percent to 3,564 as the value traded rose 6.5 percent to $139 million. NZX's debt market had a renewed vigour last year as low interest rates made bonds an attractive funding option for companies. The number of debt securities on the market jumped 20 percent compared with the year earlier to 107, while the 304 listed securities across all asset classes was up 5.2 percent.

Shares of NZX last traded at $1.03 and have dipped 0.9 percent in the past year.

  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:

NZ dollar unchanged in local trading as markets watch US developments
Robertson's rocket for Treasury over child poverty modelling error
Green Cross community head Simon Lipscombe leaves to head Compass NZ food service group
Labour signals slow track for most contentious labour law reforms
New spray dryer planned at Waikato Innovation Park as sheep milk ramps up
Euro Corp to defend fair trading charges over steel mesh standards
Fonterra criticises Beingmate after 'extremely disappointing' earnings downgrade
Augusta lines up third property for industrial property fund
Blis cuts annual earnings guidance as impact of tough first half lingers
January 22nd Morning Report

IRG See IRG research reports