NZ sharemarket trades down 14 pc in Q3

Tuesday, 07 October 2008

The total value of trades on the NZX fell 14 percent to $7.94 billion in the last quarter.

The total number of trades was unchanged from the same period last year at 161,393 with an average daily value traded of $120 million, a 15 percent decrease.

The total number of trades on the NZSX decreased 1 percent to 150,747 on total value traded of $7.41b, a 16 percent decrease.

The NZAX had a total of 934 trades to the value of $8 million.

The NZDX experienced an 18 percent decrease with 9712 trades to the total value of $523m, a 56 percent increase on the same period last year.

During the third quarter $651m capital was raised, $390m of new equity and $261m of new debt.

The number of real time data terminals was up 5 percent on a year ago to 10,502.

In September, total trades were up for the second time in 2008 due to increased liquidity, the NZX said.

Trades were up 17 percent on the previous year to 58,237.

Average daily trades were up 6 percent at 2647 with 22 trading days this September 2008 opposed to 20 in September 2007.

Trading on the NZDX was up 30 percent to 3209 with a value of $176m.

Debt raised in the year-to-date is $1.944b, total capital raised year-to-date is $2.718b.

NZX shares were trading at $6.18 at 11am today having ranged between $9.83 and $6.10 in the last year.

NZPA