NZX debt security trading dwindles as shares stay on a tear

Thu, 04 Apr 2013

April 5 (BusinessDesk) - Trading in listed debt securities offering low yields stayed in the doldrums last month, even as shares continued to keep investors keen, according to the stock exchange's monthly update. The total volume of debt transactions shrank 35 percent to 2,782 in March from a year earlier, for a 24 percent slide in value to $90 million, the NZX's monthly metrics show. That's just 3.4 percent of all trades on the stock exchange, and 2.1 percent of the total value. Struggling media group APN Media (NZ) and ailing financial s...

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