Trading on NZX down

It seems many investors are shying away from the sharemarket these days.

The total value of shares traded on the NZX in March was $2.258 billion, a 27 per cent decrease on the same period last year.

The average daily value of trading in March of $119 million was a 15 per cent decrease on last year.

The total value traded in the first quarter was $7.2 billion, a 9 per cent decrease on last year. The average daily value in the quarter was $112m, a 12 per cent decrease on last year.

The total number of trades in the month of March was down 24 per cent on last year and the average daily number was down 11 per cent. The total number of trades in the March quarter was down 10 per cent on the same period last year and the average daily number was down 13 per cent.

Total capital raised year to date was $811 million of which $163m was equity and $648 million was debt.

NZX said its number of real-time data terminals rose 24 per cent and it now has 10,990 terminals worldwide.

Trading of instalment warrants increased by 33 per cent in the quarter compared to last year.

- NZPA