19 Dec 2013

NZX celebrates 'tremendous' year

7:07 pm on 19 December 2013

The NZX is celebrating what it says was a tremendous 2013 marked by increased listings, trading activity, and participation in the markets by New Zealanders.

The benchmark NZ 50 Index has risen by 17.9% since the start of this year, and total new capital listed this year has exceeded $7.3 billion.

The number of accounts for new shareholders is nearly five times last year.

At the launch of the NZX's new stock market ticker in Auckland, its chief executive, Tim Bennett, said one reason is that interest rates have remained very low and New Zealand's market has a relatively high dividend yield of around 4% making it an attractive option.

He said some very high growth companies are starting to be seen in the New Zealand market such as Xero, Synlait, SLI Systems and Wynyard.