NZX trading activity increased in June, while the value of trade shrank, suggesting more activity by smaller investors.
The volume of cash trades on the NZX rose 11 percent to 183,360 in June from the same month a year earlier, while the total value traded dropped 14 percent to $3.7 billion, Wellington-based NZX said in its monthly shareholder metrics. The number of trades worth less than $50,000 increased 14 percent to 174,379, accounting for 95 percent of the total volume.
No new capital was raised through IPOs or compliance listings in the month, while $770 million was raised in new debt listings. A total of $1.39 billion was raised by existing issuers across 20 events in June, including $1.21 billion of equity and $185 million of…
Read the full article at: https://www.nbr.co.nz/article/nzx-trading-activity-increases-june-value-trade-falls-b-204934
