Trading on NZX Ltd.'s markets picked up last month, suggesting New Zealand's emergence from recession has stoked sentiment, though the value of trade eased.
Total trades rose 14 per cent to 36,139 last month from a year earlier, the securities market operator said in a statement today. The value of trading fell 3 per cent to $1.45 billion.
Trading declined 4 per cent by value to $1.38 billion on the NZSX while total trades rose 12 per cent to 33,688. On the NZDX debt market, trading volume jumped 42 per cent to 2,315 while the value of trade rose 22 per cent to $68 million.
Trading on the NZAX Market for small companies, start-ups and those with alternative structures, climbed 39 per cent to 136 while the value advanced 276 per cent to $1 million.
The market capitalisation of the NZSX market rose 14 per cent to $53.62 billion in January from a year earlier, amounting to 29 per cent of gross domestic product.
The market value of the NZDX market rose 8 per cent to $15 billion.
NZX trade volumes pick up, but value falls in January
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