NZX cash trading a third higher than January 2012
Total trades rise to 69,281 and the value of trading is up 66% to $2.3 billion.
Cash market trades on the NZX jumped by 33 percent in January from the same month last year, driven by share transactions.
Total trades rose to 69,281 and the value of trading rose 66 percent to $2.3 billion, NZX says in its monthly shareholder metrics. The average daily value of trading rose 51 percent to $106 million.
The NZX 50 Index has gained 4.4 percent this year and reached a five-year high on January 31, helped by the lure of relatively high dividend yields and demand for stocks from KiwiSaver funds.
The market value of stocks on the NZX rose 33 percent to $69 billion last month from a year earlier, amounting to 33 percent of gross domestic product.
Total equity trades rose 35 percent to 67,289, while the value climbed about 68 percent to $2.3 billion. Trades in debt securities fell 14 percent to 1992 and the value rose 15 percent to $65 million.
The value of debt securities on the NZDX fell 7.1 percent to $14.7 billion.
There were 167 equity securities listed on the NZX in January, a 2.9 percent drop from a year earlier. Debt securities fell 9.3 percent to 97.
NZX shares last traded unchanged at $1.33 and have gained 11 percent this year.
(BusinessDesk)
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NZX cash trading a third higher than January 2012
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