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

 

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Women's Affairs: Government Accepts Recommendations On Pay Equity

The Government will update the Equal Pay Act and amend the Employment Relations Act to implement recommendations of the Joint Working Group on Pay Equity. More>>

ALSO:

Immigration: Increase In Seasonal Workers For RSE

The current cap will be increased by 1,000 from 9,500 to 10,500 RSE workers for the 2016-17 season. Mr Woodhouse says the horticulture and viticulture industry is New Zealand’s fourth largest export industry, producing almost $5 billion in exports. More>>

ALSO:

Hurunui: Crown Irrigation Invests Up To $3.4m In North Canterbury

Crown Irrigation Investments will invest up to $3.4m in the Hurunui Water Project, an irrigation scheme that will be capable of irrigating up to 21,000 hectares on the south side of the Hurunui River in North Canterbury. More>>

ALSO:

Not So Great:Butterfly Eradication Success

The invasive pest great white butterfly has been eradicated from New Zealand in a world-first achievement, Primary Industries Minister Nathan Guy and Conservation Minister Maggie Barry say. More>>

Gordon Campbell: On The Government’s Tax Cuts Fixation

Long before the earthquake hit, the dodginess of the government tax cuts programnme was evident in the language of its packaging. It is being touted as a “tax cuts and family care” package... More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news