NZX cash trading tops $5 bln as MightyRiverPower listing beefs up market

Wed, 05 Jun 2013

By Paul McBeth June 6 (BusinessDesk) - The value of cash market trading on the NZX topped $5 billion last month with the value of equities changing hands almost doubling from a year earlier after state-controlled energy company MightyRiverPower joined the bourse. Total value traded jumped 92 percent in May for an average daily value of $218 million, according to NZX’s monthly shareholder metrics. That was off a 29 percent lift in total trades to 123,161, the bulk of which came in equity trading. The value of shares changing hands climbed 95...

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