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

 

Tourism: China Southern Airlines To Fly To Christchurch

China Southern Airlines, in partnership with Christchurch Airport and the South Island tourism industry, has announced today it will begin flying directly between Guangzhou, Mainland China and the South Island. More>>

ALSO:

Dodgy: Truck Shops Come Under Scrutiny

Mobile traders, or truck shops, target poorer communities, particularly in Auckland, with non-compliant contracts, steep prices and often lower-quality goods than can be bought at ordinary shops, a Commerce Commission investigation has found. More>>

ALSO:

Auckland Transport: Government, Council Agree On Funding Approach

The government and Auckland Council have reached a detente over transport funding, establishing a one-year, collaborative timetable for decisions on funding for the city's transport infrastructure growth in the next 30 years after the government refused to fund the $2 billion of short and medium-term plans outlined in Auckland's draft Unitary Plan. More>>

ALSO:

Bullish On China Shock: Slumping Equities, Commodities May Continue, But Not A GFC

The biggest selloff in stock markets in at least four years, slumping commodity prices and a surge in Wall Street's fear gauge don't mean the world economy is heading for another global financial crisis, fund managers say. More>>

ALSO:

Real Estate: Investors Driving Up Auckland Housing Risk - RBNZ

The growing presence of investors in Auckland's property market is increasing the risks, and is likely to both amplify the housing cycle and worsen the potential damage from a downturn both to the financial system and the broader economy, said Reserve Bank deputy governor Grant Spencer. More>>

ALSO:

Annual Record: Overseas Visitors Hit 3 Million Milestone

Visitor arrivals to New Zealand surpassed 3 million for the first time in the July 2015 year, Statistics New Zealand said today. The record-breaking 3,002,982 visitors this year was 7 percent higher than the July 2014 year. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news