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

 


NZ share trading activity increases in February, value falls

NZ share trading activity increases in February, value falls

March 5 (BusinessDesk) – The level of activity on the New Zealand stock exchange grew for an 18th month in February, though the value of transactions was lower than the same month last year.

The total number of trades rose 15 percent to 93,742 in February from the same month a year earlier, with a daily average of 4,934 trades, according to NZX’s monthly shareholder metrics. The total value traded fell 24 percent to $2.6 billion in February from a year earlier, with the daily average down 24 percent to $138 million.

Of that, equity trading dominated, with total trades up 16 percent to 91,638 from the year earlier month, and the value traded down 24 percent to $2.6 billion. The debt market continued to struggle, with total trading down 18 percent to 2,104 and the value of debt trading down 0.5 percent to $75 million.

Sharemarket activity has been buoyed by the government partial privatisation of electricity companies MightyRiverPower and Meridian Energy last year, and as growing KiwiSaver funds have introduced more liquidity to the market. The stock exchange operator has said it won’t be able to replicate last year’s boom even as the government readies Genesis Energy for an initial public offering.

In February, the number of listed equities was unchanged from the year earlier at 166, while debt securities fell 10 percent to 86. NZX’s total listed securities slipped 4.1 percent to 258.

Some $92 million of new capital was raised on the bourse in February in nine separate events, up from $10 million raised in January. No new capital was listed in February.

The market value of all equity rose 24 percent to $86.1 billion, or 41 percent of gross domestic product, in February while the debt market was valued at $13.5 billion, or 6.5 percent of GDP, down 7.6 percent from a year earlier.

Derivatives trading also grew in the month, with lots traded up 144 percent to 3,585 and open interest, a measure of activity and liquidity, increasing 53 percent to 6,171 from February 2013.

NZX last traded at $1.29 on Tuesday, and has gained 4 percent so far this year.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:


NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • NIWA: The Year's Top Science Findings

    Since 1972 NIWA has operated a Clean Air Monitoring Station at Baring Head, near Wellington... In June, Baring Head’s carbon dioxide readings officially passed 400 parts per million (ppm), a level last reached more than three million years ago. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news