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

 

NZX cash trading in January jumps 33% from year earlier

NZX cash trading in January a third higher than in same month of 2012

Feb. 5 (BusinessDesk) - Cash market trades on the NZX jumped by 33 percent in January from the same month last year, driven by share transactions.

Total trades rose to 69,281 and the value of trading rose 66 percent to $2.3 billion, NZX said in its monthly shareholder metrics. The average daily value of trading rose 51 percent to $106 million.

The NZX 50 Index has gained 4.4 percent this year and reached a five-year high on Jan. 31, helped by the lure of relatively high dividend yields and demand for stocks from KiwiSaver funds. The market value of stocks on the NZX rose 33 percent to $69 billion last month from a year earlier, amounting to 33 percent of gross domestic product.

Total equity trades rose 35 percent to 67,289 while the value climbed about 68 percent to $2.3 billion. Trades in debt securities fell 14 percent to 1,992 while the value rose 15 percent to $65 million. The value of debt securities on the NZDX fell 7.1 percent to $14.7 billion.

There were 167 equity securities listed on the NZX in January, a 2.9 percent drop from a year earlier. Debt securities fell 9.3 percent to 97.

NZX shares last traded unchanged at $1.33 and have gained 11 percent this year.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Official Cash Rate Unchanged At 1.75 Percent

Global economic growth has increased and become more broad-based. However, major challenges remain with on-going surplus capacity and extensive political uncertainty... More>>

Kaikōura Earthquake: Private Insurers Receive $1.8b Claims

Insurance Council Chief Executive Tim Grafton said most is for commercial loss at $1.36 billion, with residential claims amounting to over $460 million. “...We have a high level of confidence that most people will have received settlement offers by the end of this year." More>>

ALSO:

Forms And Data: New Proposals To Simplify Personal Income Tax

The Government is proposing to make tax simpler for individuals, with people whose only income is from a salary, wages or investments no longer being required to file tax returns to receive tax refunds or to calculate any additional tax. More>>