A stockbroker expects the start of the company reporting season next month to provide the markets with a much-needed injection of activity.
Stock market operator NZX handled 18% fewer trades in June than it did in the same month last year and the value of trades slipped by 24% to $1.7 billion.
A director of sharebroker Hamilton Hindin Greene, Grant Williamson, attributes the decline to investors remaining cautious about the global economic recovery, especially as some economists suggest a double-dip recession may be on the cards.
Mr Williamson says, however, that the financial reporting season which begins next month may encourage them back to the market.
