NZX trading activity increases in October amid surge in demand for equities

Tue, 03 Nov 2015

By Tina Morrison Nov. 4 (BusinessDesk) - The volume and value of trading on New Zealand's stock exchange increased last month amid surging demand for equities in a low interest rate environment. The total number of trades rose 1.7 percent to 123,378 in October from the same month a year earlier, while the value increased 49 percent to $4.3 billion, Wellington-based NZX said in its monthly shareholder metrics. Daily average trades increased 6.5 percent to 5,875, while the daily average value jumped 56 percent to $207 million. The benchm...

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