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Wednesday 3rd October 2012 |
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The value of trading in NZX debt and equity markets rose 15 percent in September from a year earlier, snapping seven months of declines.
The total value of trades last month was $2.6 billion, underpinned by strength in share trading. The value of equity trading climbed 16 percent to $2.5 billion while the value of trading on the debt market declined 5.9 percent to $93 million, NZX said in its monthly shareholders metrics report.
The total number equity securities listed fell 0.6 percent to 168 from September 2011, while the debt securities declined 7.4 percent to 100.
New Zealand's capital markets showed increasing signs of life, with the total market capitalisation for stocks rising 14 percent to $63.5 billion, about 31 percent of gross domestic product, from the same month a year earlier. The market cap for the debt market fell 2 percent to $15.2 billion, or 7.4 percent of GDP.
Shares of NZX were unchanged at $1.13 yesterday, ad have gained about 17 percent this year.
BusinessDesk.co.nz
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