December a bumper month for NZX

21:53, Jan 06 2013

A near-record year for New Zealand shares has flowed through into the security market operator's equity business, with December trading volumes a quarter higher in December compared to where they were a year ago.

Figures release today show 76,000 equity trades were recorded in December, just over 27 per cent higher than in the same month in 2011.

The boost came as the NZX50 index chalked up a 25 per cent gain in 2012, compared to a 1 per cent dip in the previous year.

More notable perhaps was the value traded for the month, at $3.6 billion, up 65 per cent compared to December 2011.

Debt market activity continued to decline with December trading volumes falling 31 per cent to 2310, with values down 25 per cent to $69 million.

Total trading volumes rose 24.3 per cent to 78,408, with a value of $3.6b, up 60.8 per cent.

Total equity securities on issue declined 2.3 per cent in the month to 167, and total debt securities fell 9.3 per cent to 97 due to ongoing maturities and a shortage of new bond issuance.

The total capital raised by all issuers in the month was $1.75 billion, almost two-fifths of the capital raised in the year to date.

Equity market capitalisation stood at $66.1b as of the end of December, up 18.3 per cent year-on-year, and accounted for 31.7 per cent of New Zealand's gross domestic product (GDP).

Debt capitalisation stood at $14.7b, down 8.3 per cent, which represented 7 per cent of GDP.