- Average daily trades were 1,879 for January, which is 18% lower than January 2005.
- Total value traded in January was $1.964b with an average daily value traded of $98m. The average daily value traded was 7% lower than January 2005.
- Trading activity (value and volume) picked up as the month progressed.
- The number of orders placed to market was much higher than January 2005 with an average daily amount of 15,011 which is a 358% increase on the same month a year earlier.
- Existing issuers raised an additional $87m in equity in January. The majority of this ($50 million) was raised by Lombard Group Ltd.
"Whilst January is typically a slow month, there has been a significant drop in trades compared with last year," said NZX Head of Finance and Strategy Carl Daucher.
"The high level of the NZ dollar is having an undoubted impact on our markets, and there are numerous media reports saying many advisors are placing money in overseas investments at present. This is part of the normal economic cycle and, as the dollar drops in value, investors look to local markets."
The last week of January saw a marked upswing in the value and volume of trades on all NZX markets, showing the summer slumber is over and investors are back on board for 2006.
The NZAX Market in particular was considerably higher in terms of the value and volume of trades in January than at this time last year.
"It is also encouraging to see the increased use of new products, such warrants, by retail investors," he said. There are 27 warrants on issue now, an increase of 238% from January 2005.
A high level of orders to market was shown again in January, with a total of 300,288 orders placed. This equates to an average of 15,011 orders placed to market per day and is a 358% increase on January 2005 levels. This reflects a continued increase in Direct Market Access (DMA) activity and the growing use of automated or programmed trading strategies by NZX Participants and their clients.
For a PDF version of the NZX Operating Metrics - January 2006, click here.
View the Market Insight January 2006.
Smartshares
Smartshares has $195 million funds under management and just over 110 million units on issue across its four listed ETF (Exchange Traded Fund) products.
Link Market Services Limited
Link Market Services Limited currently serves 109 issuers; 74 of which have securities listed on an NZX's markets.
NZX Markets business
| Jan 2005 | Jan 2006 | Change | ||
|---|---|---|---|---|
1. |
Total trades |
43,454 |
37,580 |
-14% |
2. |
Total value traded ($m) |
2,004 |
1,964 |
-2% |
3. |
Average daily trades |
2,287 |
1,879 |
-18% |
4. |
Average daily value ($m) |
105 |
98 |
-7% |
5. |
Total retail (under $50k) trades |
38,254 |
32,512 |
-15% |
6. |
Total domestic market cap ($b) |
65.2 |
63.7 |
-2% |
7. |
Total domestic equity Issuers |
162 |
161 |
-0.6% |
8. |
New equity listings |
0 |
0 |
0 |
9. |
Total debt Issuers |
42 |
45 |
12% |
10. |
Total debt securities |
87 |
99 |
14% |
11. |
Total data terminals |
6,966 |
7,677 |
10% |
Smartshares
| Jan 2005 | Dec 2005 | Jan 2006 | ||
|---|---|---|---|---|
1. |
Total FUM ($m) |
185 |
195 |
195 |
2. |
Total Units on issue (m) |
109.33 |
110.25 |
110.23 |
3. |
Total Smartshares investors on register |
10,410 |
10,459 |
10,458 |
4. |
Total Smartshares ETFs listed |
4 |
4 |
4 |
Link Market Services
| Dec 2005 | Jan 2006 | Change | ||
|---|---|---|---|---|
1. |
Total issuers |
109 |
109 |
0% |
NZX releases Operating Metrics on the first Tuesday of each month prior to the start of normal trading on the NZSX market at 10am. These metrics compare the current period with 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 Investor Metrics website, please click here.
