NZX trades rise in first half but IPOs, listings plunge

Sun, 29 Jul 2018

By Sophie Boot July 30 (BusinessDesk) - NZX saw more trades in the first half of 2018 though new listings dropped off significantly, as the company works on its five-year strategy to recapture enthusiasm in the market. Total trades in the six months to June 30 jumped 77.6 percent to 1.6 million, while total value traded rose 3.7 percent to $19.6 billion, with daily average value traded up 2.4 percent to $165 million. The NZX50 Index was at 8,943.13 as of June 30, from 7,611 a year earlier. Total equity securities fell 4.7 percent to 14...

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