KEY POINTS:
Trading on the New Zealand stock exchange in the first month of 2009 continued to reflect the grim state of the global economy.
Figures published by exchange operator NZX today show that total trades on the market fell 36 per cent from January 2008 to last month.
Daily average trades were down 33 per cent to 1590, the total value traded dropped 31 per cent to $1.5 billion, and the daily average traded dropped 27 per cent to $75 million.
In comparison, December's figures showed a 12 per cent fall in total trades from a year earlier, while the total value traded was down 32 per cent and the daily average traded fell 38 per cent.
The benchmark NZSX-50 index ended January 24 per cent down from a year earlier, but 2 per cent up on the month, at 2774 points.
Last month $7.02m of new debt was raised and $420,000 of new equity.
The number of NZX Market Data terminals was down 5 per cent on a year ago, and two per cent lower than a month earlier, at 9856.
- NZPA
