New Zealand stock trading declines in August

Tuesday 2nd September 2008

New Zealand stock trading declined last month and the benchmark NZX 50 Index shrank 21%, according to the bourse's monthly survey.

There were 45,069 NZSX trades, down 20% from the previous month, NZX said. The value of trading fell 24% to NZ$2.39 billion. The NZX 50's market value fell to NZ$58.37 billion.

Liquidity on the NZX 50 also declined in August, by 2% to 56%, NZX said.

By Jonathan Underhill

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