NZX trading on steady climb

Photo / Richard Robinson

Share trading on the NZX in February continued 2010's improving trend, the company says.

Figures from the company yesterday show the 2474 average daily trades last month were 15.3 per cent ahead of February 2010, while the daily average value traded was up 22.5 per cent to $113 million.

Total equity raised in February was a scant $20 million, taking the year-to-date figure to $30 million. Only $6 million of debt was raised, making the total for the first two months of 2011 $82 million.

For the whole of 2010 $1.4 billion of new equity was raised, along with $1.8 billion of new debt. Last year the 2135 average number of daily trades was 6.4 per cent lower than in 2009, reflecting the prolonged effects of the global financial crisis through the first half of 2010.