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 2,736 for July 2005, a 13% increase from July 2004.
- Total value traded reached $2.9 billion for the month of July. Average daily value was $141 million, a 25% increase versus July 2004.
- UBS became the second major issuer of warrants, listing two Telecom Instalment Warrants.
- Allied Work Force listed on the NZSX market after an Initial Public Offering of $11.4 million.
- Existing issuers raised a total of $172 million in new equity capital and $192 million in debt during the month of July.
Transaction activity in July, 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 2,736, a 13% increase on July 2004. Total value traded for the month was $2.9 billion, up 19% on July 2004.
UBS issued two new Telecom Instalment Warrants on 7 July under the NZX codes TELIUA and TELIUB. Warrants enable investors to essentially ‘lay-by' their shares by putting down an initial, partial payment, receiving entitlements (e.g. dividends) throughout the life cycle of the warrant, and paying a final instalment on the maturity date. “We're very keen to see additional issuers and a broader range of products on the market. NZX is a very strong supporter of the efforts made to date by UBS and ABN Amro to ignite and grow the warrant category,” NZX markets development manager Geoff Brown said. The UBS series joins 15 warrants on large listed company shares listed by ABN Amro in April this year. Both UBS and ABN Amro use Direct Market Access (DMA) to fulfil their market making requirements.
Allied Work Force listed on the NZSX on July 6th . Established 17 years ago, it is the country's largest specialist blue-collar on-hire labour business with 21 offices nationwide.
Major market activity in July included a convertible note issue by Kiwi Income Property Trust, raising $92 million. The total amount of secondary capital raised during July was $172 million. Fonterra Co-operative Group Limited accounted for almost all of the $192 million raised in new debt in July.
Smartshares
Smartshares now has $199 million funds under management and just over 111 million units on issue across its four listed ETF (Exchange Traded Fund) products. During July, funds under management increased by $7 million. Compared with July 2004 the total number of investors has grown 136%, to 10,416 at the end of July 2005.
Link Market Services (50/50 JV with ASX Perpetual)
Link currently serves 113 issuers; 72 of which have securities listed on an NZX market. During July, Link began serving its first new client, Westpac Banking Corporation (WBC), on the New Zealand version of ASX Perpetual's OSCAR registry system, a single technology platform across Australia and New Zealand . Listed in both New Zealand and Australia, WBC will benefit from seamless trans-Tasman registry services. ASX Perpetual are the registry for WBC in Australia.
Markets business
| July 2004 | July 2005 | Change | ||
|---|---|---|---|---|
1. |
Total trades |
53,182 |
57,455 |
+8% |
2. |
Total value traded ($m) |
2,481 |
2,962 |
+19% |
3. |
Average daily trades |
2,417 |
2,736 |
+13% |
4. |
Average daily value ($m) |
113 |
141 |
+25% |
5. |
Total retail (under $50k) trades |
47,205 |
49,979 |
+6% |
6. |
Total domestic market cap ($b) |
60 |
63.8 |
+$3.8b |
7. |
Total domestic equity Issuers |
161 |
163 |
+1% |
8 |
New equity listings |
5 |
2 |
-60% |
9 |
Total debt Issuers |
40 |
47 |
+18% |
10 |
Total debt securities |
84 |
94 |
+12% |
11 |
Total data terminals |
n/a |
7,258 |
n/a |
Smartshares
| July 2004 | June 2005 | July 2005 | ||
|---|---|---|---|---|
1. |
Total FUM ($m) |
84 |
192 |
199 |
2. |
Total Units on issue (m) |
74.1 |
112.84 |
111.33 |
3. |
Total Smartshares investors on register |
3,950 |
10,467 |
10416 |
4. |
Total Smartshares ETFs listed |
1 |
4 |
4 |
Link Market Services
| July 2004 | July 2005 | Change | ||
|---|---|---|---|---|
1. |
Total issuers |
n/a |
113 |
n/a |
