NZX sees more smaller trades in May

Wed, 05 Jun 2019

By Rebecca Howard June 6 (BusinessDesk) - The number of trades on New Zealand's stock exchange rose in May but the value tumbled as the average on-market trade size fell sharply despite prices holding up. Total equity transactions in May rose 26.5 percent to 426,314 from a year earlier, although the $30.4 billion value of total equity transactions dropped 30 percent versus May last year. The average on-market trade size fell 47 percent to $4,371. The S&P/NZX 50 Index, however, was up 17 percent from a year earlier to end May at 10,11...

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