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The Irish Stock Exchange [ISE] has published its market statistical review covering the nine months to September 2009 [January – September inclusive].
Over 1.75 million trades dealt on the Exchange confirms trading activity remains solid on the Irish market
The review confirms that the number of trades dealt on the Irish market remains solid [1.75 million year to date compared to 1.85 million over the same nine months a year ago] but given the relative weakness in the market value of stocks quoted on the Exchange compared to 2008 the total value of equities traded on the Exchange fell from €96 billion a year ago to €40.8 billion at the end of September 2009.
€1.92 billion raised in equity markets so far in 2009
Over the nine months, 19 companies raised a total of €1.92 billion on the market; the most significant fund raising this quarter was an Elan share placing which raised €521 million in September.
€112 turnover in Irish Government securities
Turnover in Irish Government Bonds and Treasury Bills was €112 billion in the first nine months of 2009, with turnover in quarter three being more than five times the turnover recorded in the same period in 2008 [ €49.5 billion compared to €9.1 billion last year].
International Membership Expands
Société Générale S.A. became a member firm of the Exchange in August, to act as a primary dealer in Irish Government bonds and also to engage in a full range of trading, clearing and settlement activities on the Irish equity market. This expansion of the Exchange’s international membership base, increased the number of member firms trading on the Exchange to 37 at the end of September.
All ISEQ equity indices show growth in Q3
The review highlights that all ISEQ indices showed double digit growth in quarter three. The value of financial companies quoted on the Exchange rose by over 150% from the lows recorded at the end of last year and the ISEQ 20 index rose by 53% since year end. Small Cap stocks also showed significant growth with an increase in the IEX Index of 75% and the Small Cap Index of 85%. The specialist indices, the leveraged and capped indices launched in June, grew by 107% and 74% respectively. The overall index of stocks quoted on the Exchange rose by 43% over the period.
International Securities Activities
190 new funds and sub fund listings were listed and new debt tranches of 2,490 were admitted to the Exchange’s market in the first three quarters of the year. These activity levels are consistent with global issuance levels in the relevant asset classes. At the end of September the total number of funds and sub-funds listed on the Exchange was 3,238 and the total number of debt tranches listed on the Exchange was 23,997.
