The total value traded on the NZX last month was 7 percent ahead of May 2009 at $2.23 billion, even as the number of trades fell 10 percent to 51,464.
The daily value traded topped $100 million on 13 days last month, taking the daily average traded to $112m, 7 percent ahead of May 2009, NZX said today.
The total value traded in May was 23 percent ahead of the April total of $1.81b, when trading value exceeded $100m on four days and the daily average value traded was $90m.
The market fell sharply during May, with the benchmark NZX-50 index ending the month 3 percent down on the year-to-date, although still 11 percent ahead of a year ago.
From a 19-month high near 3349 on April 15, the index fell to a 10-month low 2989 last Thursday.
While the 2451 average daily trades last month was down 10 percent from a year earlier, it was up 9 percent from April.
NZX said that for the third month in a row the number of real time data terminals rose, getting to 7301 from a low of 7149 in February.
The increase was due to the end users of market data, such as global investment banks, continuing to add staff to their trading desks, NZX said.
During May $187.3m of new equity was raised, taking the total for the year-to-date to $570m, while the $300m of new debt raised last month took the year-to-date total to $1.18b.
