Trading activity up

NZX trading activity rose in October, though the average on-market trade size slid as did the value of debt and equity transactions. The stock market operator last week announced a “refreshed” market structure and updated listing rules as part of its ongoing efforts to bolster trading liquidity. In October, the value of debt and equity transactions through the market dropped 10 per cent to $1.56 billion from the same month a year earlier, amounting to 50.3 per cent, down from 54.2 per cent in September. Actual trading activity rose 24 per cent to 269,868 in October, even so, the average on-market trade size dropped 31 per cent to $7823, while the total value traded fell 25 per cent to $3.1b. The daily average value traded was $129 million.