NZ share trading activity rises in May, even as value falls

Mon, 05 Jun 2017

By Paul McBeth June 6 (BusinessDesk) - Activity on New Zealand's stock exchange increased while the value of trading shrank in May, a month that delivered the first initial public offering of the year on the NZX. The volume of cash trades on the NZX rose 13 percent to 196,467 in May from the same month a year earlier, while the average daily trades were up 8.4 percent to 8,542, NZX shareholder metrics show. The bulk of those were for trades worth less than $50,000, which typically captures transactions by retail investors, which was up 1...

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