Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


NZ cash market trading jumps 24% in Dec as stock sales surge

NZ cash market trading jumped 24% in December as stock turnover surged

Jan. 7 (BusinessDesk) – Trading on the NZX’s cash markets jumped by a quarter in December, led by a surge in turnover of stocks as the NZX 50 Index rounded out its best year since 2004.

Total trades rose 24.3 percent to 78,408 last month from a year earlier, while the value of trading soared 61 percent to $3.6 billion.

Equity transactions climbed 27 percent to 76,098 and the value of trade jumped 65 percent to $3.6 billion. That more than offset a 31 percent drop in debt security trades to 2,310 and a decline of about 25 percent to $69 million.

The NZX 50 gained almost 25 percent in 2012, outpacing gains on Wall Street and in Australia. Yet the year was slimmer for new equity and debt capital raising through the NZX. Some $1.75 billion was raised in December for a total in the year of $4.6 billion, down from $11.9 billion in 2011

Of that, equity raised where the issuer had a primary listing in New Zealand fell to $999 million in the year from $1.6 billion in 2011, while dual and secondary listed capital raisings fell to $3.3 billion from $9.2 billion.

There was $319 million raised through the issue of debt securities, down from about $1 billion in 2011.

Total equity securities fell 2.3 percent in December to 167, down from 171 at the end of 2011. Debt securities fell to 97 from 107.

Shares of NZX were unchanged at $1.23 and have gained 21 percent in the past 12 months.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Bad Day For Rope: Donaghys Job Losses Another Blow To Dunedin

The loss of 30 jobs from Donaghys rope and twine factory is yet another blow to the people and economy of Dunedin, says Dunedin South Labour MP Clare Curran. More>>

ALSO:

Oil: 2014 New Zealand Petroleum Summit

Simon Bridges: Our abundance of energy and minerals resources provides us with unique opportunities to build the New Zealand economy.

Over the past three years the Government has made significant changes to how the sector is regulated. More>>

ALSO:

WWF Report: Solutions In Reach; World Biodiversity Suffers Major Decline

Global wildlife populations have declined by more than half in just 40 years as measured in WWF's Living Planet Report 2014. Wildlife's continued decline highlights the need for sustainable solutions to heal the planet... More>>

ALSO:

Scoop Business: NZ Dollar Catches Breath After "Goldilocks" Slump

The New Zealand dollar edged up following its dramatic slump yesterday after the Reserve Bank confirmed speculation it intervened in the currency market last month and PM John Key suggested a “Goldilocks” level far lower than at present. More>>

ALSO:

Biosecurity: Kiwifruit Claim To Hold Officials Accountable For Psa

Kiwifruit growers have joined forces to hold Biosecurity NZ accountable in the courts for its negligence in allowing 2010’s Psa outbreak that devastated New Zealand’s kiwifruit industry and exports. Foundation claimants representing well ... More>>

ALSO:

Poison: Anglers Advised Not To Eat Trout In 1080 Areas

With the fishing season opening in just a few days (1 October 2014), anglers are being warned by the Department of Conservation(DOC) not to eat trout from pristine backcountry waters and their downstream catchments, where the department is conducting 1080 poisoning operations. More>>.

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news