NZX cash market trades rise 45% in January, value of equity trades slips 1.1%

NZX cash market trades rise 45% in January, value of equity trades slips 1.1%
Jonathan Underhill
By Jonathan Underhill Feb. 4 (BusinessDesk) - Cash market trades on the NZX jumped 45 percent in January from a year earlier, dominated by equity transactions, while the value of stock trading fell 1.1 percent, the stock exchange operator's monthly metrics show. Total trades rose to 126,098 last month, of which 123,926 were equities, while the value of trading fell to $2.1 billion. Debt trades were just 2,172 which was still up 47.5 percent from January 2015, and the value of debt securities traded rose 67 percent to $100 million. Trad...