NZX reports fall in trade value and volume

File Photo / Paul Estcourt

Stock exchange operator NZX saw a fall in value and volume of total trades in August compared to the same month last year.

The total number of trades dropped by 23 per cent to 42,866 compared to August 2009, and 3 per cent compared to July 2010 as it continues to see "muted demand for equities".

The total value traded fell 27 per cent to $1.76 billion compared to last year, though it increased by 21 per cent on July 2010.

The average daily trades were down 27 per cent to 1948, and the daily average value traded was down 30 per cent to $80m.

The 38,990 trades on the main board were 23 per cent lower than August 2009, and value fell by 26 per cent to $1.69m.

On the debt market trades dropped 21 per cent to 3768 and value dropped 41 per cent to $87m.

The alternative market had a 58 per cent fall in trades with 108 and a 60 per cent fall in value with $450,000.

NZX last traded at 149, up 4c.

- NZPA