NZX trading activity, value of turnover increase in June

Friday 3rd July 2015

The volume and value of trading on New Zealand's stock exchange increased last month, led by a gain in smaller value trades.

The total number of trades rose 32 percent to 139,527 in June, from the same month a year earlier, as value increased 9.4 percent to $3.2 billion, Wellington based NZX said in its monthly shareholder metrics. Daily average trades increased 25 percent to 6,644, while the value of trades below $50,000 climbed 32 percent to 130,558.

The number of equity trades increased 33 percent to 136,779, while value increased 8.9 percent to $3.1 billion. In the debt market, the number of trades slipped 1.1. percent to 2,748, while the value traded increased 27 percent to $106 million.

The value of NZX's equity market climbed 13 percent to $102 billion, or 42.1 percent of gross domestic product. The number of listed equity securities increased 2.4 percent to 172 from the year earlier. Last month also marked the launch of NZX's NXT market for small to medium sized enterprises, which kicked of with mail service company G3 Group joining the bourse in a compliance listing.

The value of NZX's debt market slipped 2.4 percent to $13.2 billion, or 5.5 percent of GDP. The number of listed debt securities fell 7.1 percent to 79 from the year earlier.

Shares of NZX last traded at $1.08 and has fallen 13 percent over the past 52 weeks.

BusinessDesk.co.nz

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