NZX value of cash market trading falls 11.2 percent in sixth monthly decline

The value of trading in NZX’s cash markets fell 11.2 percent in June from a year earlier, the sixth monthly decline.

Trading was valued at $2.2 billion in June. Equity trades fell 11.5 percent to $2.1 billion and debt trades declined 4.7 percent to $97 million, NZX said in its monthly shareholders metrics report.

The value of equity markets trading fell even as the volume of transactions rose 8.7 percent to 72,411. Debt traded dropped 3.9 percent to 3,391. The total of equity securities listed rose 0.6 percent to 170 from June 2011, while debt securities fell 5.5 percent to 103.

The values of equities by market capitalisation fell 1.7 percent to $57 billion. Debt fell 1.6 percent to $15.4 billion. Shares of NZX last traded at $1.34 and have gained 40 percent this year.

BusinessDesk.co.nz

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