NZX cash trading keeps climbing in May as new bonds revive debt market

Mon, 06 Jun 2016

By Paul McBeth June 7 (BusinessDesk) - Trading on New Zealand's NZX climbed for another month in May as the benchmark stock index reached new highs and a flood of new bonds drove activity in the debt market. The volume of total traders rose 39 percent to 173,379 in May from the same month a year earlier, more than the 142,769 in April, with the value up 46 percent to $4.3 billion from 2015 and $4.1 billion in April, NZX's monthly shareholder metrics show. The daily average value traded was up 40 percent at $197 million from May 2015, jus...

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