Equity trading jumps in NZX cash market as NZX 50 nears 5-year high

Tue, 04 Dec 2012

Dec. 5 (BusinessDesk) – Share trading on the NZX jumped by more than a fifth in November, a month that saw the benchmark NZX 50 Index rally to near its highest level in five years, helped by KiwiSaver contributions and offshore demand for higher yields. Total trades on NZX’s cash markets climbed 21 percent to 80,894 last month from a year earlier to $3 billion, or an average $138 million a day. Trading in equities jumped 24 percent to 77,938, while trading in debt securities fell 21 percent to 2,956. The value of debt trading fell 47 percent...

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