1 Jun 2010

$2.2 billion handled by NZX in May

12:03 pm on 1 June 2010

The New Zealand stock exchange handled $2.2 billion worth of trades in May - up 23% on the previous month.

NZX attributes the rise to more valuable trades on its main board.

It says the daily average value exceeded $100 million 13 times during the month - up from four the previous month, suggesting an improvement in liquidity.

NZX says average daily trades rose 9% from the previous month to almost 2500.

Almost $500 million worth of capital was raised during the month.