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

 


NZ share market value jumped 24% in Dec from year earlier

NZ share market value jumped 24% in December from year earlier to reach 37.8% of GDP

Jan. 7 (BusinessDesk) – The value of equities on the NZX rose 24 percent in December from a year earlier to reach 37.8 percent of gross domestic product helped by the listing of $7.5 billion of new capital and a rally in prices that extended from 2012.

The market value of equity on the NZX rose to $82.2 billion last month while the value of debt securities fell 8 percent from a year earlier to $13.5 billion, according to NZX’s monthly shareholder metrics.

The total number of issuers rose 4 percent to 155. There were 52 capital raisings in December, bringing the year’s total to 270, including 25 related to employee share schemes. The NZX 50 Index rose 17 percent in 2013, building on 2012’s 25 percent increase, and some investors say 2014 may bring a third year of gains, albeit of a lesser magnitude, given central bank stimulus is coming to an end.

In NZX cash market trading, the total volume of trades jumped 36 percent in December from the same month of 2012, the 16th straight month of gains, and average daily trades climbed about 30 percent to 5,347. Yet the value of trading dropped 21 percent to $2.9 billion and average daily value traded fell 25 percent to $143 million.

Total equity traded rose 38 percent to 104,728 in the month and the value fell 22 percent to $2.8 billion, while debt trades fell 4.7 percent to $2.2 billion and the value traded rose 29 percent to $90 million.

There were 166 equity securities listed on the NZX last month, down 0.6 percent from a year earlier, and 86 debt securities, down 11 percent.

On the NZX derivatives market, lots traded jumped 152 percent to 2,024 last month and open interest, a measure of activity and liquidity, soared 316 percent to 9,070.

NZX last traded at $1.25, 1 cent above the median price target in a Reuters poll of three analysts, which has a sell rating on the bourse operator’s stock.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Crown Accounts: NZ Government Deficit Smaller Than Expected In First Half

The New Zealand government's operating deficit was smaller than expected in the first six months of the financial year, as the consumption and corporate tax take rose ahead of forecast in December, having lagged estimates in previous months. More>>

ALSO:

Fruit & Veg Crackdown: Auckland Fruit Fly Find Under Investigation

The Ministry for Primary Industries (MPI) is investigating a find of a single male Queensland fruit fly in a surveillance trap in the Auckland suburb of Grey Lynn... MPI has placed legal controls on the movement of fruit and some vegetables outside of a defined circular area which extends 1.5km from where the fly was trapped in Grey Lynn. More>>

ALSO:

Scoop Business: Westpac NZ Reaches $2.97M Swaps Settlement

Westpac Banking Corp’s New Zealand unit has agreed to pay $2.97 million in a settlement with the Commerce Commission over the way the bank sold interest rate swaps to farmers between 2005 and 2012. More>>

ALSO:

Going Dutch: Fonterra Kicks Off $144M Partnership With Dutch Cheese Maker

Fonterra Co-operative Group, the world’s largest dairy exporter, has commissioned a new dairy ingredients plant in Heerenveen, in the north of the Netherlands, its first wholly-owned and operated ingredients plant in Europe. More>>

ALSO:

Scoop Business: NZ Retail Sales Beat Estimates

New Zealand retail sales rose more than expected in the fourth quarter, led by vehicle-related transactions, food and beverages, adding to evidence that cheap credit and a growing jobs market are encouraging consumers to spend. More>>

ALSO:

Delivery Cuts Go Ahead: 'Government Money Grab' From NZ Post

"It's a money grab by the Government as the shareholder of New Zealand Post" says Postal Workers Union advocate Graeme Clarke about the changes announced by NZ Post. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news