NZX December trading volumes, values fall

Thursday 8th January 2015

The volume and value of cash trading on New Zealand's stock exchange fell in December from a year earlier.

The total number of trades dropped 5.7 percent to 100,867 in December from the same month in 2013, as the total value traded slid 1.8 percent to $2.8 billion, the Wellington-based NZX said in its monthly shareholder metrics. The daily average trading volume declined 10 percent to 4,803, while the daily average value traded fell 6.5 percent to $134 million.

Equity transactions dropped 5.9 percent to 98,600 while the value traded slipped 1 percent to $2.7 billion. Debt transactions rose 3 percent to 2,267 as the value slipped 24 percent to $68 million.

For the year, the number of trades rose 9.8 percent to 1.3 million as the total value traded fell 17 percent to $35 billion. Some $4.74 billion of new capital was listed in 2014 through initial public offerings and compliance listings, ahead of the $1.71 billion of new debt issues.

Meanwhile, $2.4 billion of capital was raised in 2014, 94 percent of which was equity and the remainder debt.

The stock market had $96.5 billion of equity at the end of December, up 17 percent from the year earlier, and accounting for 42.1 percent of gross domestic product. It had $13.2 billion of debt, down 2.4 percent from the year earlier and accounting for 5.8 percent of GDP.

The benchmark NZX 50 Index advanced 17.5 percent in December from the year earlier to close at 5,568.

Shares in NZX last traded at $1.16 and have declined 7.9 percent over the past year.

BusinessDesk.co.nz

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