NZX cash trading gains for 14th straight month in September to $3.4 billion

Wed, 02 Oct 2013

By Tina Morrison Oct. 3 (BusinessDesk) – Cash trading on the New Zealand stock exchange accelerated for the 14th straight month in September. Total trading of $3.4 billion in September was up 33 percent from a year earlier and continues a trend of monthly gains since August 2012, according to NZX’s shareholder metrics. Total trades climbed by 48 percent to 107,782 for an average daily value of $164 million. Share trading accounted for most of the transactions, with just 2,582 debt trades worth $84 million. The stock exchange has benefited fr...

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