NZX trading activity increases in May, while value falls

Wed, 03 Jun 2015

By Tina Morrison June 4 (BusinessDesk) - Trading activity on New Zealand's share market increased last month, driven by smaller value trades. The total number of trades rose 10 percent to 124,988 in May from the same month a year earlier, while the total value dropped 18 percent to $3 billion, Wellington-based NZX said in its monthly shareholder metrics. The daily average number of trades advanced 16 percent to 5,952, while the daily average value slipped 14 percent to $141 million. The number of equity trades increased 11 percent to 1...

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