Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

NZX August Operating Metrics

Date 06/09/2005

New Zealand Exchange Limited (NZX) today released its August 2005 operating metrics. NZX releases operating metrics on the first Tuesday of each month prior to the start of trading at 10am. These metrics compare the current period to the corresponding period of the previous year to account for seasonal fluctuations (i.e., reporting periods) that impact market activity.

A complete history of operating metrics can be found on our website at www.nzx.com/aboutus/investor/metrics

Market statistics summary

Highlights

  • Average daily trades reached 2,755 for August 2005, a 6% increase from August 2004.
  • Total value traded reached $3.34 billion for the month of August. Average daily value was $144 million, a 34% increase versus August 2004 and the highest level in three years.
  • Instalment Warrant trading was up 59% to 628 trades in August 2005 from 394 in July 2005.
  • Vector Limited listed on the NZSX market with an Initial Public Offering of $592.6 million. The IPO is the biggest by a New Zealand-domiciled company since the $1.12 billion Contact Energy IPO in May 1999.

Transaction activity in August, measured by both the average daily number of transactions and average daily value traded, increased compared with the same period in 2004. Average daily transactions reached 2,755, a 6% increase on August 2004. Average daily value traded for the month was $144 million, this is up 34% on August 2004 and is the highest level in at least three years.

Trading in Instalment Warrants listed by UBS and ABN Amro continues to grow at a very strong rate. Instalment warrant trades were up 59% to 628 in August compared with the previous month. UBS listed two Telecom warrants in July of this year whilst ABN Amro listed a broader set of 15 warrants in April this year. Both UBS and ABN Amro use Direct Market Access (DMA) to fulfil their market making requirements.

Vector Limited listed on the NZSX on the 15th August and is quoted on the NZSX market under the security code VCT. Vector is New Zealand's largest energy network infrastructure company with operations in the electricity, gas and telecommunications fields. Vector was included in the NZX 50 index as of 1 September ranked fifth by full market capitalisation and twelfth by free float market capitalisation. The 249 million new shares represented 24.9% of the company. Vector's IPO is the biggest by a New Zealand-domiciled company since the $1.12 billion Contact Energy IPO in May 1999. Vector has been heavily traded since listing. During August there were 4925 trades for a total value of $125 million.

“Vector's listing of equity means New Zealand investors now have an opportunity to buy a stake in one of the country's most important infrastructure companies. Vector's arrival also adds breadth and diversity to the market,” NZX chief executive Mark Weldon said.

Smartshares

Smartshares has $198 million funds under management and just over 111 million units on issue across its four listed ETF (Exchange Traded Fund) products.

Link Market Services (50/50 JV with ASX Perpetual)

Link currently serves 108 issuers; 72 of which have securities listed on an NZX market.

Markets business

    Aug 2004 Aug 2005 Change

1.

Total trades

57,436

63,361

+10%

2.

Total value traded ($m)

2,368

3,314

+40%

3.

Average daily trades

2,611

2,755

+6%

4.

Average daily value ($m)

108

144

+34%

5.

Total retail (under $50k) trades

51,395

54,877

+7%

6.

Total domestic market cap ($b)

58.7

66.5

+$7.8b

7.

Total domestic equity Issuers

160

164

+3%

8

New equity listings

1

1

0%

9

Total debt Issuers

41

47

+15%

10

Total debt securities

89

94

+6%

11

Total data terminals

n/a

7,161

n/a

Smartshares

    Aug 2004 Jul 2005 Aug 2005

1.

Total FUM ($m)

121

199

198

2.

Total Units on issue (m)

91.24

111.33

111.15

3.

Total Smartshares investors on register

5,924

10,416

10,434

4.

Total Smartshares ETFs listed

2

4

4

Link Market Services

    Aug 2004 Aug 2005 Change

1.

Total issuers

n/a

108

n/a