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

 

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:

Quotas: MPI Swoop On Suspected Fraudulent Fishing Activity

Ministry for Primary Industries (MPI) compliance officers swooped on a Hawkes Bay fishing enterprise today to secure evidence in an investigation into suspected fraudulent activity... “The investigation involves activity throughout the commercial supply chain – catching, landing, processing and exporting.” More>>

ALSO:

Scoop Business: Fonterra Slashes 2015 Milk Payout, Earnings Tumble 76%

Fonterra Cooperative Group cut its forecast 2015 milk price payout by about 12 percent, citing weaker global dairy prices and said there is a risk of further declines given strong global milk production. More>>

ALSO:

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. 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