Sharemarket trades pick up in January

Published: 1:09PM Tuesday February 02, 2010 Source: NZPA

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The stock market started the year mostly livelier than it was 12 months ago, although the total value traded was still lower than in January 2009.

Figures released by sharemarket operator NZX on Tuesday show total trades in January were up 14% on a year earlier to 36,139, with average daily trades up 20%.

While the total value traded last month was 3% lower than in January 2009 at $1.45 billion, the daily average value traded was up 2% to $76 million.

Nearly $16 million of new equity was raised during the month, with $8.9 million of new debt.

The benchmark NZX-50 index ended January on 3,165 points, up 14% on a year earlier but down 2% for the month.

The number of real time data terminals was 27% lower than a year earlier, and 1% down from December, at 7,181.

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