Cash trading on New Zealand stock exchange surges in first half, driven by equities

Thu, 25 Jul 2013

By Tina Morrison July 26 (BusinessDesk) – Cash trading on the NZX surged in the first half of the year as more equities changed hands. The total value traded rose 56 percent to $20.8 billion from the same period a year earlier, market operator NZX said in a statement. The number of equity trades jumped 19 percent while debt trades fell 17 percent, according to the figures. The stock market’s equity market capitalisation rose 28 percent to $72.9 billion while the debt market capitalisation fell 11 percent to $13.8 billion. Issuers raised $885...

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