Trading in Fletcher Building shares has continued to boost activity on New Zealand's stock market.
On Monday, $115 million worth of shares were traded on the NZX50, almost half of which were Fletcher Building stocks.
Macquarie Private Wealth investment adviser Brad Gordon says five million Fletcher Building shares changed hands on Monday.
Mr Gordon says the high turnover in recent days is due to the inclusion of the firm in the ASX 200 and its acquisition of Crane Group.
Trading may fall back a little once Crane Group's shareholders have settled their holdings, he says, but Fletcher's inclusion in the ASX 200 will still mean its stocks are widely traded by fund managers throughout Australasia.
Meanwhile, the stock exchange operator says it handled more than 60,000 trades in March, a rise of 19.1% on the same month a year ago.
The value of trading on the NZX averaged $131 million a day, 60% more than in March last year.
The number of trades worth more than $50,000 was more than 20% higher than the same month a year ago.
The NZX50 rose to 3440, more than 5% higher than a year ago.