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

 

NZX cash trading gains for 3rd consecutive month in October

Thursday 03 November 2016 09:53 AM

NZX cash trading gains for third consecutive month in October

By Tina Morrison

Nov. 3 (BusinessDesk) - Cash trading on the NZX increased for a third straight month in October, as investors looked for returns in a low interest rate environment.

The volume of cash market trading rose 9.9 percent to 135,630 in October from the same month a year earlier, Wellington-based NZX said in its monthly shareholder metrics. Daily average trades increased 15 percent to 6,782, while the daily average value dropped 24 percent to $157 million.

The volume of equity transactions in October increased 9.6 percent to 132,513 and the value of those trades declined 30 percent to $3 billion. The benchmark S&P/NZX 50 Index last month fell from record highs reached in September, declining about 5.5 percent.

Meanwhile, the volume of debt transactions jumped 28 percent to 3,117 as the value traded soared 64 percent to $164 million. NZX's debt market has a renewed vigor this year as low interest rates have made bonds an attractive funding option for companies. The number of debt securities on the market jumped 23 percent to 101 compared with the year earlier, while the 298 listed securities across all asset classes was up 7.6 percent.

Shares of NZX last traded at $1.01 and have slid 3.7 percent this year.

(BusinessDesk)


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Discussion Paper: Govt To Act On Unfair Commercial Practices

“I’ve heard about traders who have used aggressive tactics to sell products to vulnerable consumers, and businesses that were powerless to stop suppliers varying the terms of their contract, including price.” More>>

ALSO:

'Considering Options' On Tip Top Ownership: Fonterra Drops Forecast Milk Price

Fonterra Co-operative Group Limited today revised its 2018/19 forecast Farmgate Milk Price range from $6.25-$6.50 per kgMS to $6.00-$6.30 per kgMS and shared an update on its first quarter business performance. More>>

ALSO:

Science: Legendary Telescope Being Brought Back To Life

One of the world’s most famous Victorian telescopes will be restored and available for public viewing in Takapō after spending five decades in storage... The Brashear Telescope was used in the late 1800s by Percival Lowell for his studies of Mars. More>>

Employment Amendment Bill Passes: CTU Hails Victory For Working People

"This law allows Kiwis to access their basic rights at work, to make more informed choices about their employment, and help each other get a fairer deal." More>>

ALSO: