NZX equity trading surges in July, debt market slides
By Jason Krupp
Aug. 3 (BusinessDesk) - The performance of the NZX Ltd.'s securities markets continued to diverge in July, with equity trading surging while debt activity maintained its declining trend, according to the company's latest operational metrics.
The total number of trades rose 38.7% to 61,037 in July compared to the same month a year earlier when global markets activity plunged to its lower level since the global financial crisis. Total value traded rose 80.8% to $2.6 billion.
Breaking down the numbers, equity trading activity jumped 45.3% to 58,042 in July compared to the same period last year, with the total value of trading up 87.7% to $2.5 billion in the month.
The figures represent performance data from the Mainboard as well as the ailing NZ Alternative Market, after the stock market operator stopped supplying separate performance information on the NZAX in February.
In contrast, activity continued to decline on the NZDX in July, with the number of trades falling 26.3% in July to 2,995 compared to the same month last year, with the total value of debt trading 15% to $84 million.
Total capital raised for July was $37 million, made up entirely of new equity, taking the year-to-date total to $1.679 billion.
That brought the stock market's equity capitalisation to $57.3 billion, a 12.4% increase on July last year, representing 29.4% of the country's gross domestic product. Debt market capitalisation rose 1.5% to $15.7 billion compared to the previous period, representing 8% of GDP.
The number of equity securities fell to 170 in the month, 4.5% lower than the same month last year, while debt securities declined 4.4% to 109.