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

 


NZ share trading volumes rise for 20th month in April

NZ share trading volumes rise for 20th month in April

May 5 (BusinessDesk) - The volume of share trading rose for a 20th month in April, when the government completed its partial privatisation programme with the listing of Genesis Energy, though the value of activity fell for a fifth month.

The number of trades climbed 36 percent to 111,146 in April from a year earlier, with transactions of less than $50,000 advanced 38 percent to 102,876. Daily average value traded rose 4 percent to $156 million in a month shortened by public holidays, and the total value traded in April fell 1.2 percent to $3 billion.

Equity trading continued to dominate NZX activity, with total trades up 39 percent to 108,880, and value traded edged up 0.4 percent to $2.9 billion. Debt market activity dropped 27 percent to 2,266 with a 43 percent slump in value traded to $63 million.

The stock market got a shot in the arm from the government’s sell down of power companies and Air New Zealand over the past year, with Genesis rounding out the programme in April.

The Genesis listing drove $2.51 billion of new capital listing on the NZX last month. The number of equity securities listed rose 1.2 percent to 165 in April from a year earlier, while debt securities dropped 6.5 percent to 86, and other securities fell 14 percent to 6.

Listed issuer raised $243 million in primary equity and $3 million in dual or secondary equity in April across 24 events. Some $726 million has been raised in the year so far.

The market value of all equity was up 24 percent to $90.2 billion, or 39.7 percent of gross domestic product, as at April 30, while debt capitalisation was up 1 percent to $13.9 billion, or 6.1 percent of GDP.

NZX shares were unchanged at $1.25 on Friday, and have increased 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
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news