NZX cash trading gains for 4th consecutive month in November

Monday 5th December 2016

Cash trading on the NZX increased for a fourth consecutive month in November, with the value and volume of trades rising

The volume of cash market trading rose 16 percent to 148,207 in November from the same month a year earlier, Wellington-based NZX said in its monthly shareholder metrics. Daily average trades increased 11 percent to 6,737, while the daily average value rose 14 percent to $177 million.

The volume of equity transactions in November increased 16 percent to 144,029 and the value of those trades advanced 17 percent to $3.7 billion. The benchmark S&P/NZX 50 Index plunged in early November after Donald Trump was elected US President, but recovered over the course of the month.

Meanwhile, the volume of debt transactions jumped 40 percent to 4,178 as the value traded soared 65 percent to $205 million. NZX's debt market has a renewed vigor this year as low interest rates have made bonds an attractive funding option for companies. The number of debt securities on the market jumped 22 percent compared with the year earlier to 106, while the 303 listed securities across all asset classes was up 6.3 percent.

Shares of NZX last traded at $1.01 and have slid 6.5 percent this year.

BusinessDesk.co.nz

Comments from our readers

No comments yet