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NZX released a strong set of Operating Metrics today following an active market month in August.
Average daily trades were up 17 % at 2,604 and average daily value traded was up 11% at $142 million. Total trades across all NZX Markets were up 17% in the month.
Total number of trades under $50,000 value, a metric showing the level of retail investor activity, was up 18% on the same period last year and up 19% on the previous month.
The NZX 50 Index finished the month on 4119, up 17% since August last year.
NZX Head of Markets, Geoff Brown, said “The index was down less than 1% at the end of the month on its opening August index value. The NZX 50 index rose steadily and recovered almost 6% in the second half of the month.
"Comparably, the NZX markets experienced less impact from recent global market events. Average volatility of the NZX headline index was just half that of the ASX's during August,” said Brown.
The $45 million of equity raised in August saw total capital raised in 2007 pass the $3 billion mark. Total capital raised for the same period in 2006 was $2.2 billion, up 39% this year at $3.036 billion.
NZX Operating Metrics - August 2007 are available at the following link: http://www.nzx.com/aboutus/news/press/metrics_aug07
Listen to an audiocast with Geoff Brown on the August Market Month highlights at the following link: http://www.brr.com.au/event/NZXNZ/60111/30301/wmp/gs4eu6fln4
