MARKETS SPECTATOR: Mysterious market volumes

Share sales on the Australian stock market appear to be falling well short of last year, which is unusual given the surge in the benchmark index.

A third of the way through 2013 and share sales are at anemic levels. In 2013, IPOs, secondary share sales, capital raisings and block trades may struggle to match last year’s total of $19.67 billion let alone the $77.45 billion in 2009, according to Thomson Reuters. That’s odd when the S&P/ASX 200 Index has gained 17 per cent in the last 12 months.


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