NZX cash market activity rises in March as debt market turnover doubles

Mon, 04 Apr 2016

By Paul McBeth April 5 (BusinessDesk) - Cash market trades on the NZX climbed by almost a third in March from a year earlier as share trading remained robust on investor demand for yield while turnover in the bond market more than doubled. Total cash rates rose 32 percent to 167,010 last month, and were up from 149,073 in February, for an 18 percent gain in total value traded to $4.4 billion. The daily average value traded was up 23 percent at $212 million from a year earlier, and ahead of the $169 million average in February. Equities s...

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