KEY POINTS:
The volatility in world equity markets in the wake of the February 28 plunge of Shanghai sharemarket failed to perk up activity on the local sharemarket during March.
NZX said today the number of trades fell 11 per cent to 51,847 compared with March 2006 and the value was down 22 per cent to $3.09 billion.
The average number of daily trades was down 8 per cent and the average daily value traded of $140 million was down 19 per cent.
During the month, the NZSX 50 Index rose 1.8 per cent and it was up 11 per cent on March 2006. The index includes dividend payments.
Trade on the alternative market, NZAX, remained very subdued -- just 470 trades for the month, worth just $3m.
New equity raised in March was $98m and new debt raised was $26m.
- NZPA
