NZX Reports Steady Metrics for August

NZX, the only registered securities Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term in New Zealand, today announced its monthly shareholder metrics for the month of August 2017. The results show a healthy build in the total trades made on the exchange and a slight increase in the value of the trades on a year-on-year basis.

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Total trades stood at 179,530, which is 18.9 percent more than during the same month of last year. The average number of trades on a daily basis was 7,806, also 18.9 percent more year-on-year.

The total value traded was $2.98 billion (NZD$ 4.2 billion) which was 3 percent more than the value traded in August 2016.

The bulk of the trades were in the equity section of the exchange, which saw a total of 176,336 trades, 19.5 percent more year-on-year. The total value of the trades in the equity section was $2.84 billion (NZD$ 4 billion), a 2.7 percent year-on-year improvement.

Overall, on a cumulative basis, there have been 1,254,221 trades so far this year, an increase of 4.8 percent over the same period last year. The only decrease was in the total value traded for this year, which came in at $19.52 billion (NZD$ 27.5 billion), -8.9 percent year-on-year.

Last month, NZX reported mixed revenue numbers for the first half of 2017 and the trend seems to be continuing this month.