Business

NZX has stellar year

09:21 am on 23 December 2014

NZX has had a stellar year, driving up the value of the total market capitalisation and offering strong returns to investors.

The NZX 50 Index rose almost 17 percent over the year earlier.

The total market capitalisation to gross domestic product was 41 percent at the end of November, compared with about 38 percent in 2013.

There were 16 new company listings over the year, adding $6.6 billion of equity to the market, while another 165 capital-raising-events by existing issuers, added more than $1.7 billion.

Chief executive Tim Bennett said the outlook for 2015 looked good and NZX was expected to outperform the region.

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