The volume of trading on New Zealand's share market continued to gain in March, though the value of activity fell for a fourth month.
The number of trades jumped 49 percent to 121,258 in March from the same month a year earlier, with the transactions of less than $50,000 up 55 percent to 112,353. Still, total value traded dropped 24 percent $3.3 billion, for a 27 percent decline in the daily average value traded to $158 million.
Equity trading continued to dominate activity, with total trades up 51 percent to 118,573, and value traded dropping 24 percent to $3.2 billion. The decline in debt market activity slowed, with a 3.5 percent fall in total trades to 2,685 and a 6.3 percent drop in value to $84 million.
Sharemarket activity has been buoyed by the government partial privatisation of electricity companies MightyRiverPower and Meridian Energy last year, with Genesis Energy the final in the scheme listing this month.
The stock market operator doesn't expect to replicate last year's bonanza, and is currently planning a new market for small companies with lower disclosure obligations and cheaper fees.