Spring gain for NZX

Last updated 12:52 03/10/2012

Relevant offers

Industries

Pre-employment drug testing shows increase in meth use by professionals New rules forcing banks to alert police to transactions worry rights group Construction industry has 'room' for third player of scale: experts The slow demise or temporary slump of New Zealand's oil and gas industry Retirement village investment in its infancy but demand's set to grow Government wants Free Trade Agreements to cover 90 per cent of exports David Walsh named new chief executive of NZ Post Construction of cellphone tower on footpath sparks controversy Vodafone and Spark in takeover tussle over TeamTalk How Toyota poured 500 years of work into its new campus - during a labour shortage

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.

Ad Feedback

- BusinessDay.co.nz

Special offers

Featured Promotions

Sponsored Content