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

 

Brewing: Lion To Buy Cult Upper Hutt Brewer Panhead

Lion - Beer, Spirits and Wine (NZ), New Zealand's biggest beer maker, has agreed to buy Panhead Custom Ales from the family of founder Mike Neilson, its second such purchase of a popular craft brewer after the acquisition of Dunedin-based Emerson's Brewing Co in 2012. More>>

ALSO:

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Gongs Got: Canon Media Awards & NZ Radio Awards Happen

Radio NZ: RNZ website The Wireless, which is co-funded by NZ On Air, was named best website, while Toby Manhire and Toby Morris won the best opinion general writing section for their weekly column on rnz.co.nz and Tess McClure won the best junior feature writer section. More>>

ALSO:

Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news