NZX sees increase in smaller trades

LAURA WALTERS
Last updated 09:40 05/03/2014

Relevant offers

Industries

Evening broadband hit by 'Netflix effect' Xero loses another top executive Durex owner Reckitt Benckiser barred from buying Johnson & Johnson’s K-Y Sprawling Matamata animal safari for sale Tower Insurance rebuild programme 'at full capacity' Uber increases Auckland fares to attract drivers Top executives at Christchurch firm Mercer Group quit Auckland Port row comes to a head Hamilton Airport's revenue at 'rock bottom' Contractor numbers cut as EQC home repair programme downsizes

The New Zealand stock exchange increased the number of trades last month compared to February last year but the value traded dropped.

NZX monthly metrics for February showed the number of trades was 93,742 - up 14.8 per cent from the same month last year - but the total value traded dropped 23.9 per cent to $2.6 billion.

Trades of less than $50,000 increased 16.9 per cent last month, to 87,160.

There were nine capital raisings in February, bringing the total for the year to 22. Total capital raised was $92 million, with no new capital listed last month.

The average daily volume traded was up 14.8 per cent to 4934 trades. The daily average value traded was down 23.9 per cent to $138m during February.

Capitalisation for the equity market was $86.1b at the end of February, an increase of 23.5 per cent compared to a year ago, amounting to 41.1 per cent of GDP.

The NZX 50 index opened the year at 4737.0 points, increasing 5.3 per cent to close at the end of February at 4990.0 points.

The NZX 50 index hit an all-time high yesterday of 5042.4 points after breaking through 5000 points on Monday for the first time.

Ad Feedback

- Fairfax Media

Special offers

Featured Promotions

Sponsored Content