NZX cash trading in January a third higher than in same month of 2012

Mon, 04 Feb 2013

Feb. 5 (BusinessDesk) - Cash market trades on the NZX jumped by 33 percent in January from the same month last year, driven by share transactions. Total trades rose to 69,281 and the value of trading rose 66 percent to $2.3 billion, NZX said in its monthly shareholder metrics. The average daily value of trading rose 51 percent to $106 million. The NZX 50 Index has gained 4.4 percent this year and reached a five-year high on Jan. 31, helped by the lure of relatively high dividend yields and demand for stocks from KiwiSaver funds. The market v...

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