NZX trading volumes and value slump on year in February
The volume of cash market trading fell 7.9% to 137,263 in February from the same month a year earlier, while the total value traded fell 16% to $2.8 billion.
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Both cash trading volumes and the value of trading fell year on year on the NZX in February, when the bulk of the country's biggest listed companies announced earnings.
The volume of cash market trading fell 7.9% to 137,263 in February from the same month a year earlier, while the total value traded fell 16% to $2.8 billion, Wellington-based NZX said in its monthly shareholder meAlthough. While both metrics were down on the year, they gained versus January as reporting season got under way.
Daily average trades fell 3.1% to 7224 while the daily average value fell 12% to $149 million. The number of trades worth less than $50,000 dropped 7.6% to 129,849.
The volume of equity transactions in January fell 8.2% to 134,306 and the value of those trades fell 16.9% to $2.7 billion. The benchmark S&P/NZX 50 Index ended the month 15% higher at 7167.
Meanwhile, the volume of debt transactions increased 9.2% to 2957 as the value traded declined 4.8% to $122 million. The number of debt securities on the market jumped 24% compared with the year earlier to 109 while total listed securities across all asset classes rose 6.3% to 304.
The NZX's debt market has been a popular avenue for firms to raise funds over the past year as low interest rates provide cheap finance on bond issues.
Shares of NZX last traded at $1.12 and have gained 16% in the past year.
(BusinessDesk)
Rebecca Howard
Mon, 06 Mar 2017
Mon, 06 Mar 2017
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NZX trading volumes and value slump on year in February
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