Spring gain for NZX
Trading on stock exchange operator NZX jumped in September, with the value of trading on its cash markets rising almost 16 per cent, bucking a seven-month downward trend.
Figures released by the Wellington-based bourse showed the value equity transactions rose 15.9 per cent over the same month a year ago, to $2.5 billion. The overall number of trades jumped 19.9 per cent to 72,890.
Trades of listed debt securities were down slightly, falling 5.9 per cent to $93 million.
The rise in September meant in the year to date, trading values for debt and equity combined were down 3.3 per cent on a year ago, $21.1b, although the volume of trades is up almost 21 per cent to 666,374 with a larger number of small trades.
The performance of the exchange's derivatives and grain trading business was mixed. While the amount of open interest offered on the derivatives market more than doubled to 5910 lots, the volume traded fell 17 per cent to 1676 lots.
The volume of grain traded meanwhile continued to soar, with 731,055 tonnes traded in the season to date, an increase of 80.5 per cent.