NZX cash market trading falls 5.6% in July from year earlier; stock trading falls, debt rises

Tue, 02 Aug 2016

By Jonathan Underhill Aug. 3 (BusinessDesk) - NZX cash market trading volumes fell in July, led by a drop in equities, although a 6.5 percent gain in the S&P/NZX 50 Index meant the value of trading was still higher than in the year-earlier month. Total trades last month fell 5.6 percent from a year earlier to 122,670, according to NZX's monthly shareholder metrics. The total value traded rose 3.6 percent to $3.4 billion. Turnover on the NZX is dominated by the equity market, which had a capitalisation of $124.6 billion in July, up abou...

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