NZX value traded 7pc up on last year

The total value traded on the NZX last month was 7 per cent ahead of May last year at $2.23 billion, even as the number of trades fell 10 per cent to 51,464, NZX said yesterday.

The daily value traded topped $100 million on 13 days last month, taking the daily average traded to $112 million.

The total value traded in May was 23 per cent ahead of the April total of $1.81 billion, when trading value exceeded $100 million on four days and the daily average value traded was $90 million.

The market fell sharply during last month, with the benchmark NZX-50 index ending the month 3 per cent down on the year-to-date, although still 11 per cent ahead of a year ago.

From a 19-month high near 3349 on April 15, the index fell to a 10-month low 2989 on Thursday. While the 2451 average daily trades last month was down 10 per cent from a year earlier, it was up 9 per cent from April.

NZX said that for the third month in a row the number of real-time data terminals rose, getting to 7301 from a low of 7149 in February.

- NZPA