NZX has today released its operating metrics for July, showing another strong month of capital raising and trading on the NZDX Market.
There has been $1.903 billion of debt raised on the NZDX Market year to date, a 54% increase on the same period last year. MARAC Finance’s secured bond issue closed oversubscribed in July, raising $104 million. TCNZ Finance Limited also raised $104 million in July, following the opening of their continuous Telebonds issue, which closes in December.
Total trades on the NZDX Market were also up 7% in July, with 3,093 trades in the month. Value traded on the NZDX in July was up 38% at $180 million. The NZDX Market Capitalisation is now $13 billion, up 38% in the last twelve months.
NZX Markets Development Manager, Geoff Brown said, “The NZDX Market is looking very healthy, with strong issuance and investor demand for these products. Aspects of the debt market that appeal to investors in the current environment are the ability to trade, the transparency of continuous disclosure and access to investment grade credits.”
Another highlight in July was the accreditation of KVB Kunlun as an NZX Advising Firm. Initially incorporated in Auckland in 2001, KVB Kunlun engage in a broad range of financial services to individual and corporate clients.
Greg Boland of KVB Kunlun said, "KVB Kunlun has become an NZX Advising Firm, this follows our accreditation as a Trading, Clearing and Settlement Participant of the Stock Exchange of Hong Kong also in the past few weeks. We are very pleased to extend the range of products and services offered to clients to include NZX and SEHK stocks which enhance and complement our existing product range."
The NZX Operating Metrics for July showed real-time NZX Data terminal numbers up 13% on the same period last year at 10,929 terminals worldwide. Average daily trades were slightly up on July 2007 at 2,367, with total trades up 6% in the month of July at 54,432 trades.
View the full NZX Operating Metrics - July 2008 at the following link:
http://www.nzx.com/about_nzx/nzx_updates/4643956