NZX January trading volume up 45% on 2015
Total trades rose to 126,098 last month.
The volume of cash market trades on the NZX jumped 45% in January from a year earlier, dominated by equity transactions, while the value of equity trading fell 1.1%, the stock exchange operator's monthly metrics show.
Total trades rose to 126,098 last month, of which 123,926 were equities, while the value of trading fell to $2.1 billion. Debt trades were just 2,172 which was still up 47.5% from January 2015, and the value of debt securities traded rose 67% to $100 million.
Trading tends to be subdued in January, which coincides with summer holidays.The total average value traded daily rose 6.1% to $114 million from the same month last year but down from an average $159 million in December.
The market value of all equity listed on the NZX rose 8.2% to $108 billion in January from a year earlier, equivalent to 44% of gross domestic product. The value of debt securities jumped 50% to $19.8 billion, or 8.1% of GDP.
The NZX debt market expanded last November after the New Zealand Local Government Funding Agency listed all six existing series of its bonds, representing a total $5.56 billion.
Among NZX's other business units, SuperLife's funds under management rose about 12% to $1.4 billion, while Smartshares FUM jumped 187% to $1.5 billion, mainly reflecting an increase from SuperLife funds.
In soft commodities, lots traded rose 26% to 11,652 while open interest soared 236% to 37,931. Tonnage of grain traded fell 0.2% to 299,247 tonnes in the season to date, NZX said.
(BusinessDesk)
Jonathan Underhill
Thu, 04 Feb 2016
Thu, 04 Feb 2016
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
NZX January trading volume up 45% on 2015
55245