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

 

Wood Producers: Crisis In New Zealand Log Supply

New Zealand wood processing leaders held a hui with senior government officials and political leaders in Whangarei yesterday to assess the acute log supply shortage to local mills in Northland. More>>

Consents And Taxes: Trustpower 'Very Disappointed' With Judgement

Trustpower is "very disappointed" with a Supreme Court ruling dismissing its bid to claim tax deductions on $17.7 million of project costs in a case closely watched by large-scale infrastructure developers. More>>

ALSO:

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news