NZX stock trades rise in September, fourth month without new equity capital raising
BusinessDesk via sendgrid.me
12:13 PM (10 minutes ago)
By Jonathan Underhill
Oct. 4 (BusinessDesk) - Total stock trades on the NZX climbed while the value of trading fell in September, which marked the fourth straight month without any new equity capital raisings on the local bourse.
Total equity trades jumped 26 percent to 187,317 last month from September 2016 while the value traded fell 2 percent to $3.6 billion. Trading in debt securities climbed 5.6 percent to 3,172 while the value traded rose 56 percent to $208 million. That made a combined 190,489 trades, up 25 percent year on year. Trades of less than $50,000 rose about 28 percent to 181,379.
May was the last month that new equity capital was raised either via an initial public offering or a compliance listing, with $480 million raised that month. That also marks the year-to-date total. Some $580 million in new debt listings in September brought the total for the year to $2.67 billion.
The market capitalisation of all equity securities listed on the NZX rose 4.3 percent year-on-year to $127.5 billion, amounting to 47.6 percent of gross domestic product. The value of debt securities rose 13 percent to $28.2 billion or 10.5 percent of GDP. There were 163 equity securities in total, down 4 percent on the year, while debt securities rose 9.4 percent to 116.
Trading in derivatives continued to be lumpy in September. There were 20,558 total lots traded in futures, down 22 percent in the year, while trading in options jumped 326 percent to 3,110. In August, futures trades were up 17 percent and options trades rose 145 percent.
Funds under management in NZX's SuperLife business rose 16 percent to $1.8 billion while funds under management in Smartshares rose 19 percent to $1.97 billion.
NZX shares last traded at $1.18 and have gained 12 percent this year.