NZ share trading value more than doubles in August as Origin exits Contact stake

Wed, 02 Sep 2015

By Paul McBeth Sept. 3 (BusinessDesk) - The value of share trading on New Zealand's stock exchange more than doubled in August, underpinned by ASX-listed Origin Energy's $1.8 billion sale of its controlling stake in Contact Energy. The total value of equity cash trading climbed 132 percent to $6 billion on a 35 percent increase in the number of trades to 141,087 in August from the same month a year earlier. That was up from $3.2 billion across 127,328 trades in July. Of that, Origin's sale of its 53.1 percent holding in Contact on Aug. 4...

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