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


NZ share trading busier in March, though value slides

NZ share trading busier in March, though value slides

April 3 (BusinessDesk) - The volume of trading on New Zealand’s share market continued to gain in March, though the value of activity fell for a fourth month.

The number of trades jumped 49 percent to 121,258 in March from the same month a year earlier, with the transactions of less than $50,000 up 55 percent to 112,353. Still, total value traded dropped 24 percent $3.3 billion, for a 27 percent decline in the daily average value traded to $158 million.

Equity trading continued to dominate activity, with total trades up 51 percent to 118,573, and value traded dropping 24 percent to $3.2 billion. The decline in debt market activity slowed, with a 3.5 percent fall in total trades to 2,685 and a 6.3 percent drop in value to $84 million.

Sharemarket activity has been buoyed by the government partial privatisation of electricity companies MightyRiverPower and Meridian Energy last year, with Genesis Energy the final in the scheme listing this month.

The stock market operator doesn’t expect to replicate last year’s bonanza, and is currently planning a new market for small companies with lower disclosure obligations and cheaper fees.

The number of total listed securities on the exchange fell 3.8 percent to 255 in March from a year earlier, with debt securities shedding 11 percent to 85, while equity listings edged up 0.6 percent to 164.

Some $233 million of primary equity was raised in March and $145 million of dual and secondary equity, in 23 events. That takes the total capital raised this year to $480 million. Some $222 million of new capital was listed in March.

The market value of all equity issuers was up 24 percent to $87.4 billion, or 38.5 percent of gross domestic product, as at March 31, while the debt market was valued at $13.5 billion, or 6 percent of GDP, down 5.8 percent from a year earlier.

Shares in NZX were unchanged at $1.27 yesterday, and have gained 2.4 percent this year.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Hourly Wage Gap Grows: Gender Pay Gap Still Fixed At Fourteen Percent

“The totally unchanged pay gap is a slap in the face for women, families and the economy,” says Coalition spokesperson, Angela McLeod. Even worse, Māori and Pacific women face an outrageous pay gap of 28% and 33% when compared with the pay packets of Pākehā men. More>>


Housing: English On Housing Affordability And The Economy

"Long lead times in the planning process tend to drive prices higher in the upswing of the housing cycle. And those lead times increase the risk that eight years later, when additional supply arrives, the demand shock that spurred the additional supply has reversed. The resulting excess supply could produce a price crash..." More>>


Sweet Health: Sugary Drinks Banned From Hospitals And Health Boards

All hospitals and DHBs are expected to kick sugary drinks out of their premises. University of Auckland researcher, Dr Gerhard Sundborn who also heads public health advocacy group “FIZZ”, says he welcomes the initiative. More>>


NASA: Evidence Of Liquid Water On Today's Mars

Using an imaging spectrometer on MRO, researchers detected signatures of hydrated minerals on slopes where mysterious streaks are seen on the Red Planet. These darkish streaks appear to ebb and flow over time. More>>


Bird Brains: Robins Can Just Be Generally Clever

Research from Victoria University of Wellington has revealed that birds may possess a ‘general intelligence’ similar to humans, with some individuals able to excel in multiple cognitive tests. More>>


Psa-V: Positive Result On Whangarei Kiwifruit Orchard

Kiwifruit Vine Health (KVH) has received a Psa-V positive test result on Hort16A and male vines on a kiwifruit orchard in Whangarei. This is the first confirmed case of Psa-V on an orchard in the Whangarei region. More>>

Regional Accents: Are Microbes The Key To Geographical Differences In Wine?

A new study of six of New Zealand’s major wine-growing regions has found that differences in flavour and aroma of wine from different areas may depend more on microbes than was previously thought. More>>


Science: AgResearch To Cut Science Staff In Areas Of 'Reduced Demand'

“We are therefore consulting with our staff from today on a proposal to reduce science staff in areas of shrinking demand. Combined with recruitment planned in areas of growing demand, this would mean a net reduction of 15 scientists and 41 technicians at AgResearch in the 2015/16 year." More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news