KEY POINTS:
The total value of trades on the NZX fell 17 per cent in July from a year earlier to $2.81 billion.
Despite that, figures out today show the total number of trades rose 6 per cent to 54,432.
NZX highlighted the performance of the NZDX, saying the $1.903 billion of debt raised on the NZDX market in the year to date was a 54 per cent increase on the same period last year.
The 3093 trades on the NZDX market in July were up 7 per cent, while the value traded on the NZDX last month was up 38 per cent at $180 million.
The NZDX market capitalisation was now $13 billion, up 38 per cent in the past year.
NZX markets development manager Geoff Brown said aspects of the debt market that appealed to investors in the current environment were the ability to trade, the transparency of continuous disclosure and access to investment grade credits.
During July $445m of capital was raised, with $225m of new equity and $220m of new debt.
The number of real time data terminals was up 13 per cent on a year ago to 10,929.
NZX shares last traded at $7.72 yesterday, having ranged between $10.40 and $6.55 in the past year.
- NZPA
