Science Fair Project Encyclopedia
New Zealand Exchange Ltd
New Zealand Exchange Limited (NZX) is the successor to many decades of a New Zealand stock exchange run as a non-profit body.
In the late 1990s, after a decade of corporatisation and privatisation introduced by the Government, the stock exchange followed suit and was corporatised. Shortly thereafter it changed its name and listed itself.
Most of the companies listed on the NZX have share prices below NZ$10. New Zealand companies seem to prefer their share price to have the pychological 'low price' appearance. By contrast, stocks on the American exchanges have average share prices of US$40.
- NZX official website
10-26-2009 08:16:03
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details