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Stock exchange operator NZX saw average daily trades rise 12 per cent in the three months ended September, with total capital raised on the NZX up 7 per cent on a year earlier.
Despite an international credit crunch during the period which unsettled investors, NZX said yesterday the total value traded was also higher in the third quarter, up 3 per cent to $9.2 billion.
Average daily trades were up 22 per cent for the month. Capital raised for the year to date was more than $3 billion, comprising $1.82 billion in equity and $1.24 billion in debt.
The international market turmoil prompted two companies planning a market listing - ING Real Living and AMP Capital's Summerset - to put their plans on hold during the quarter.
NZX head of markets Geoff Brown said use of NZX data had grown, with a 12 per cent increase in real-time NZX data terminals worldwide to 9965.
"We're also seeing evidence of uptake of a broader range of market products by investors. In the third quarter, we saw a 107 per cent increase in the number of instalment warrant trades, with $28 million traded," Brown said.
- NZPA
