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

 


NZ share trading activity climbs in January, value falls

NZ share market trading activity climbs in January, value falls

Feb. 7 (BusinessDesk) - The level of activity on the NZX grew for a 17th month in January, though the value of transactions was lower than the same month last year.

The total number of trades rose 43 percent to 98,903 in January, with the daily average at 4,710, according to NZX’s monthly shareholder metrics. The total value traded fell 8 percent to $2.1 billion in January from a year earlier, with the daily average down 3.6 percent to $102 million.

Of that, equity trading dominated, with total trades up 456 percent to 97,247, and the value traded down 7.6 percent to $2.1 billion. The debt market continued to struggle, with total trading down 17 percent to 1,656 and the value of debt trading down 23 percent to $50 million.

Interest in the bourse has increased since the government partially privatised electricity generator-retailers MightyRiverPower and Meridian Energy last year, and growing KiwiSaver funds have been able to introduce more liquidity to the market.

The number of listed equities slipped 0.6 percent to 166 in January from a year earlier, while debt securities fell 10 percent to 87. NZX’s total listed securities slipped 4.4 percent to 259.

January was light for capital-raising, with $10 million of new equity across 13 events, and $34.3 million of new capital listed.

The stock market enjoyed a number of new listings last year, a trend which is expected to continue with the government sell-down of Genesis Energy still waiting in the wings.

The market value of all equity rose 23 percent to $84.6 billion, or 39 percent of gross domestic product as at Jan. 31, while the debt market was valued at $13.5 billion, or 6.2 percent of GDP, down 7.7 percent from a year earlier.

Derivatives trading also grew in the month, with lots traded up 111 percent to 4,195 and open interest, a measure of activity and liquidity, increasing 107 percent to 6,502 from January 2012.

NZX last traded at $1.25 on Wednesday, and has edged up 0.8 percent this year.

(BusinessDesk)


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

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:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. 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