NZX value of cash market trading falls 13.2 percent , fifth monthly decline

Wednesday 6th June 2012

The value of trading in NZX’s cash markets fell 13.2 percent in May from a year earlier, the fifth monthly decline.

Trading was valued at $2.6 billion in May. Equity trades fell 13.2 percent to $2.5 billion and debt trades declined 12.6 percent to $101 million, NZX said in its monthly shareholder metrics report.

The value in the equity markets turnover fell even as the volume of transactions rose. Total equity trades jumped 34.6 percent to 92,009. Debt trades dropped 7 percent to 3,769.

There were total 171 equity securities listed, unchanged from May 2011, and 104 debt securities, down 5.5 percent.

The value of equities by market capitalisation fell 1.8 percent to $58.4 billion, while debt fell 0.6 percent to $15.8 billion.

Shares in NZX were unchanged at $1.20.

BusinessDesk.co.nz

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