NZX market value crosses $200b mark in 2019

By Paul McBeth | Thu, 09 Jan 2020


The stock market’s capitalisation crossed $200 billion last month as asset prices rallied in a low interest rate environment, new bonds and funds were listed, and companies already on the exchange raised new equity and debt.Total market capitalisation was $202 billion at the end of December, up 23.2 percent from a year earlier and equivalent to 67.1 percent of gross domestic product. Of that, the value of equity and funds rose 24.9 percent to $166.5 billion, and the debt market grew 15.3 percent to $35.5 billion.NZX added 11 securities in the y...