NZX busier but less money changing hands
The volume of cash trading on the NZX has risen 22 per cent in the first six months of 2014, compared to a year earlier, with 12 new listings across its debt and equities markets.
But the NZ dollar value of cash trading declined.
There were 644,373 trades in the six months ended June 30, 2014, of which 599,581 were worth less than $NZ50,000 ($A46,548.43), up 24 per cent from the year earlier, the Wellington-based stock market operator reported on Monday.
The total value traded slipped 16 per cent in the first half to $NZ17.6 billion, while the average daily value fell 16 per cent to $NZ144 million.
The market is experiencing a flurry of listings, with total equity securities listed up 0.6 per cent to 166, from a year earlier, while listed debt slipped 6.6 per cent to 85 securities.
In the first half, Intueri Education Group, the private tertiary education company, Genesis Energy, the last of the government's power companies to be partially privatised, Serko, a travel booking firm and Gentrack, an airport and utilities software developer, all debuted on the bourse, while eight companies listed debt.
New capital listed slipped 8.1 per cent to $NZ3.52b, in part reflecting last year's Mighty River Power debut, NZX said.
Total capital raised by all issuers fell eight per cent to $NZ815m.
The NZX 50 Index advanced 16 per cent with equity market capitalisation up 21 per cent to $NZ88.4b, or 39 per cent of gross domestic product.
Listed debt market capitalisation fell 2.5 per cent to $NZ13.5b, or 5.9 per cent of GDP, in the first half.
