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


NZX trading volumes, values traded fall in September

NZX trading volumes, values traded fall in September

By Tina Morrison

Oct. 3 (BusinessDesk) - The volume of trades on the New Zealand stock exchange fell in September as an increase in debt trades failed to make up for a decline in equity trading.

The number of trades on the NZX dropped 4 percent to 103,458 in September from the year earlier month, according to the stock exchange operator's monthly shareholder metrics. Equity transactions fell 4.2 percent to 100,804, while debt trading increased 2.8 percent to 2,654, the Wellington-based NZX said.

During the month, some $35 million of new capital was raised by issuers, well down on the $312 million raised in September last year. The total value traded in September this year fell 16 percent to $2.9 billion from the year earlier month, led by a 17 percent drop in the value of equity transactions to $2.8 billion. The value of debt trading advanced 16 percent to $98 million.

The market value of all equity in September rose 14 percent to $90.8 billion from the year earlier, equating to 40.1 percent of gross domestic product. The debt market capitalisation edged up 1.1 percent to $13.6 billion, accounting for 6 percent of GDP.

The benchmark NZX 50 Index increased 11 percent from the year earlier to 5,255 and was recently at 5,245.237.

Shares in NZX last traded at $1.23 and have slipped 0.8 percent from the start of the year. The stock is rated an average 'sell', based on analyst recommendations compiled by Reuters.


© Scoop Media

Business Headlines | Sci-Tech Headlines


BusinessDesk: Body massages and Uber are in, DVDs are out, says Stats NZ

Statistics New Zealand has rejigged the consumers price index basket in its latest three-year review, adding body massages, Airbnb and Uber and removing DVD and Blu-Ray players…More>>


StuffMe: Commerce Commission Welcomes Dismissal Of Merger Appeal

In a summary of their judgment released today, Justice Dobson and lay member Professor Martin Richardson dismissed the appellants’ process criticisms and found the Commission was entitled to place significant weight on the prospect of reduced quality of the products produced by the merged entity. More>>


Digital Futures: New Chief Technology Officer Role Created

Communications Minister Clare Curran has called for expressions of interest for the new role of Chief Technology Officer position to help drive a forward-looking digital agenda for New Zealand. More>>

Dry: Beef + Lamb Launches Drought Resources

The resources include a fact sheet outlining strategies to manage and mitigate the effects of drought, coping with stress on the farm and advice on feed requirements and animal welfare during the dry period. More>>


InternetNZ: Net Neutrality Failure In US "Will Hurt All Users"

InternetNZ Chief Executive Jordan Carter has condemned the decision by the United States communications regulator to undo 2015 open Internet rules, warning that all Internet users will end up worse off as a result. More>>