NZX value of cash market trading falls 1.1%

The value of trading in NZX’s cash markets fell 1.1 percent last month, with declines in the value of both stock and bond trades.

Trading was valued at $3 billion in March. Equity trades fell 1 percent from the same month last year to $2.9 billion and debt trades declined 3.8 percent to $118 million, NZX said in its monthly shareholder metrics report.

The value in both markets fell even as the volume of transactions rose. Total equity trades surged 21 percent to 69,098 while debt trades jumped 29 percent to 4,278. 

There were total 171 equity securities listed, down 0.6 percent from March 2011, and 106 debt securities, down 5.4 percent.

The value of equities by market capitalisation rose 1.3 percent to $58.9 billion and debt rose 1.4 percent to $15.8 billion.

Shares of NZX traded at $2.81 yesterday and have climbed 24 percent this year.

BusinessDesk.co.nz

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