5 May 2009

Total value traded on NZX drops 21%

7:43 pm on 5 May 2009

The stock exchange operator, the NZX, says the number and value of trades decreased in April, compared with the same month last year.

The total value traded on the stockmarket for the month dropped 21% to just over $2 billion, while the number of trades fell 12$ to 40,848.

Tuesday was a strong day with the New Zealand sharemarket rising almost 2%, up 52 points to 2819 on a turnover of $104 million.

The Australian 200 index is up 13 points to 3896.

In currency markets, the dollar is at 57.68 US cents, 77.86 Australian, 38.45 pence, 56.9 yen, 0.4312 euro. The Trade Weighted Index stands at 56.74.

US markets

Stocks in the United States rose to four-month highs on Monday after an upbeat report on US home sales.

The Dow Jones Industrial Average advanced 214.33 points, or 2.61%, to finish at 8,426.74.

The Nasdaq composite ticked up 44.36 points, or 2.58%, to 1,763.56. Standard & Poor's 500 index rose 29.72 points, or 3.39%, to 907.24.