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

 

Water: Farming Leaders Pledge To Help Make Rivers Swimmable

In a first for the country, farming leaders have pledged to work together to help make New Zealand’s rivers swimmable for future generations. More>>

ALSO:

Unintended Consequences: Liquor Change For Grocery Stores On Tobacco Tax

Changes in the law made to enable grocery stores to continue holding liquor licences to sell alcohol despite increases in tobacco taxes will take effect on 15 September 2017. More>>

Back Again: Government Approves TPP11 Mandate

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO: