NZX trading activity increased in 2013

LAURA WALTERS
Last updated 11:40 07/01/2014

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Trading in New Zealand stocks rose by more than a third last year, the NZX says.

NZX monthly metrics for December showed almost 1.2 million trades for 2013, up 32 per cent from 2012, and the total value traded was $42.3 billion, up 39.6 per cent on the previous year.

Trades in the cash market were up 36.4 per cent to 106,930 last month compared with December 2012.

Total value traded last month was down 21.1 per cent to $2.9b compared with December 2012.

There were 52 capital raisings in December, taking the total for the year to 270.

The total capital raised for the year was more than $4b, with $629 million raised last month. That included $7.5b of new capital listed in 2013.

The daily average value traded was down 25.1 per cent to $143m during December. The average daily volume traded was up 29.6 per cent to 5347 trades.

The NZX 50 closed the year almost 16.5 per cent higher than where it started in 2013.

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- © Fairfax NZ News

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