NZX trading volumes slow in January, although values rise with benchmark index up 2.5%
The volume of cash market trading fell 12% to 110,935 in January from the same month a year earlier.
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Cash trading volumes on the NZX slowed in January, continuing December's trend, while the value of trading rose despite fewer small trades.
The volume of cash market trading fell 12% to 110,935 in January from the same month a year earlier, with total value traded up 2.3% to $2.2 billion, Wellington-based NZX said in its monthly shareholder metrics.
Daily average trades dropped 16.4% to 5,547, while the daily average value dipped 2.8% to $111 million. The number of trades worth less than $50,000 dropped 12.6% to 104,757.
The volume of equity transactions in January fell 12% to 108,668 and the value of those trades rose 3% to $2.1 billion. The benchmark S&P/NZX 50 Index ended the month 2.5% higher at 7050.75, drifting upwards on light holiday volumes over the month ahead of February's reporting season.
Meanwhile, the volume of debt transactions increased 4.4% to 2,267 as the value traded declined 11% to $89 million. NZX's debt market had renewed vigour last year as low interest rates made bonds an attractive funding option for companies. The number of debt securities on the market jumped 20.2% compared with the year earlier to 107, while the 303 listed securities across all asset classes was up 4.8%.
Shares of NZX last traded at $1.11 and have gained 8.8% in the past year.
(BusinessDesk)
Sophie Boot
Fri, 03 Feb 2017
Fri, 03 Feb 2017
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NZX trading volumes slow in January, although values rise with benchmark index up 2.5%
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