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NZX market depth

Quickly see if there are NZ shares available at the price you want to buy at, or if there are buyers at the price you want to sell at.

Ruby Gardner avatar
Written by Ruby Gardner
Updated over a week ago

NZX market depth is available for companies and funds listed on the New Zealand Stock Exchange (NZX), if you’re on a $20 plan.

Market depth isn’t currently available for Australian or US shares.

How it works

NZX market depth will show you details of the price per share, the number of shares, and the number of orders placed to either buy or sell at each price. It can also help you get an idea of where your order might go in the queue.

Sometimes, individual market and limit orders placed for NZX shares are sent to market with similar orders placed by other investors—this is called ‘aggregation’. If your order is aggregated, you won’t be able to see your individual order in the NZX market depth queue.

Access NZX market depth

NZX market depth can only be accessed if you have a $20 plan (other Sharesies platform fees still apply).

You can opt in to a $20 plan by going to Settings > Pricing plans.

Other Sharesies platform fees still apply.

Find market depth on an NZX-listed investment

  1. Log in to Sharesies.

  2. Find the NZX-listed company or exchange-traded fund (ETF) you want to see market depth info for.

  3. Select NZX market depth under the company’s investment page. Or, select Buy > Choose to place a market or limit order > NZX market depth in the top right corner.

Glossary

Bid

The highest price buyers are willing to pay and how many shares they want to buy.

Halt

The investment is in a trading halt, and no trades can occur.

Last-traded price

The price the most recent trade went through at.

Match price

Buyers and sellers are matched in the pre-open and pre-close auction periods to determine the match price.

Offers

The lowest price sellers are willing to receive and how many shares are up for sale.

Pre-open

The market phase before trading starts. On the NZX, this is between 8:30 AM and 10 AM New Zealand Standard Time (NZST).

Pre-close

The market phase leading up to the end of a day’s trading. On the NZX, this is between 4:45 PM and 5 PM (NZST).

Previous close

The last-traded price of an investment at the end of the previous trading day.

Spread

The price difference between the offers and the bids.

Today’s high

The highest price that an investment has traded at on that day.

Today’s low

The lowest price that an investment has traded at on that day.

Volume-weighted average price (VWAP)

The average price an investment has traded at throughout the day, based on both volume and price.

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