NZX’s Monthly Trading Statistics Drop in January, Led by Equities

The NZX's trading and equities trading took a hit in January, now falling for several consecutive months.

NZX Limited has reported the release of its shareholder metrics for the month ending January 2017, which saw its business segments and volumes fall across the board in a risk averse environment.

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In terms of NZX’s latest volumes across cash market trading in January 2017, the exchange reported total trades of 110,935, representing a fall of -8.8 percent month-over-month from 121,605 trades in December 2016. This performance was similar when measured against its 2016 counterpart, rescinding by a margin of -12.0 percent year-over-year.

The latest volumes come amidst an uptick in volatility across worldwide markets, stimulated in part by Donald Trump’s administration. However, this has also created a risk-off environment, which has typically coincided with lower levels of trading activity on the NZX.

NZX’s average daily trades during January 2016 were reported at 5,547 trades, down by a factor of -8.8 percent month-over-month from 6,080 trades in December 2016. This decline was exacerbated year-over-year, falling -16.4 percent from January 2016.

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The NZX’s total value traded during January 2017 also dwindled to $2.2 billion, relative to $3.0 billion in December 2016 or -26.7 percent month-over-month, as well as seeing a year-over-year uptick of 2.3 percent from January 2016.

Equities Decline MoM

Looking at the equities space, NZX also reported a consecutive monthly decline in this asset, which extended into January 2017. Equity transaction trades came in at just 108,668, down -8.0 percent month-over-month from 118,059 trades in December 2016.

January 2017’s equity transactions were also down -12.3 percent year-over-year from January 2016. Finally, equity transaction value traded at the NZX during January 2017 came in at $2.1 billion, retreating by a margin of -25.0 percent month-over-month from January 2016.

The exchange also saw growth across its index performance in November 2016 – during the month, the NZX 50 Index saw a respective YTD growth of 14.3 percent, the NZX Portfolio Index 13.0 percent, ANZ A-Grade Bond Index 3.2 percent growth, and the ANZ All Swap Index of 2.4 percent.

The monthly metrics can be read in full by accessing the following link.

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