NZ cash market trading jumped 24 percent in December as stock turnover surged

Sun, 06 Jan 2013

Jan. 7 (BusinessDesk) – Trading on the NZX’s cash markets jumped by a quarter in December, led by a surge in turnover of stocks as the NZX 50 Index rounded out its best year since 2004. Total trades rose 24.3 percent to 78,408 last month from a year earlier, while the value of trading soared 61 percent to $3.6 billion. Equity transactions climbed 27 percent to 76,098 and the value of trade jumped 65 percent to $3.6 billion. That more than offset a 31 percent drop in debt security trades to 2,310 and a decline of about 25 percent to $69 mill...

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