Market statistics summary
Highlights- Average daily trades reached 2,540 for June 2005, a 9% increase on the same month last year.
- Average daily trades totalled 2,629 for the first half of the year, an 11% increase on the first six months of 2004.
- Total value traded was $2.6 billion for the month of June. Average daily value traded was $125 million, a 19% increase versus June 2004.
- Average daily value traded for the first half of 2005 was $121 million, a 16% increase from 2004.
- The NZX 50 index gained 7.0% during June, reaching 3,246.
- Jason's Travel became the 24th issuer listed on the NZAX market with its listing on 30 June.
- Existing issuers raised a total of $372 million in new equity capital in the month of June.
- Murray & Company Limited and Doubtless Strategic Limited were both approved as NZX Sponsors in June, bringing the total number to 43.
Transaction activity in June, measured by both the average daily number of transactions and average daily value traded, increased by 9% and 19% respectively as compared with the same period in 2004. The NZX 50 index gained 7.0% in June, the largest monthly increase since October 1998.
The Direct Market Access (DMA) metrics illustrate the increasing use of DMA technology and software in the New Zealand market. Introduced on 4 August 2004, DMA allows NZX trading participants to enter orders into the market via approved DMA applications and streamlines the order management process enabling participants to tailor services to their clients. 34% of all trades on NZX markets in June 2005 were the result of orders placed through a DMA application. At least one side of 18,120 of trades used DMA, a 14% increase from last month and a 161% increase from January 2005. NZX expects this metric to increase as participants increase their use of DMA trading facilities.
Major market activity in June included a $240 million allotment by ING Property Trust and the conversion of NZ Oil & Gas options, raising $36 million. The total amount of secondary equity capital raised during June was $372 million. Year to date, existing issuers have raised over $960 million in new capital.
Murray & Company Limited and Doubtless Strategic Limited were approved as NZX sponsors in June, raising the total number of NZX Sponsors to 43. NZX sponsors are able to advise new issuers during the listing process.
NZX expects to release its preliminary half year result on 27 July, 2005.
Smartshares
Smartshares now has $192 million funds under management and nearly 113 million units on issue across its four listed ETF (exchange traded fund) products. Funds under management increased by $9 million during June due to a combination of strong market performance and increased participation in the savings plan.
Link Market Services
Link currently serves a total of 113 issuers; 71 of these issuers have securities listed on an NZX market. Link expects to serve its first client on the New Zealand version of ASX Perpetual's OSCAR technology platform by mid July. The OSCAR system passed NZX conformance testing in May.
Markets business
| June 2004 | June 2005 | Change | ||
|---|---|---|---|---|
1. |
Total trades |
48,879 |
53,346 |
+9% |
2. |
Total value traded ($m) |
2,211 |
2,621 |
+19% |
3. |
Average daily trades |
2,328 |
2,540 |
+9% |
4. |
Average daily value ($m) |
105 |
125 |
+19% |
5. |
Total retail (under $50k) trades |
43,749 |
46,526 |
+6% |
6. |
Total domestic market cap ($b) |
57.5 |
69.0 |
+11.5bn |
7. |
Total domestic equity Issuers |
157 |
168 |
+7% |
8 |
New equity listings |
3 |
2 |
-33% |
9 |
Total debt Issuers |
38 |
46 |
+21% |
10 |
Total debt securities |
78 |
92 |
+18% |
11 |
Total data terminals |
n/a |
7,064 |
n/a |
Smartshares
| June 2004 | May 2005 | June 2005 | ||
|---|---|---|---|---|
1. |
Total FUM ($m) |
81 |
183 |
192 |
2. |
Total units on issue (m) |
73.60 |
113.96 |
112.84 |
3. |
Total Smartshares investors on register |
3,985 |
10,457 |
10,467 |
4. |
Total Smartshares ETFs listed |
1 |
4 |
4 |
Link Market Services
| June 2004 | June 2005 | Change | ||
|---|---|---|---|---|
1. |
Total issuers |
n/a |
113 |
n/a |
A complete history of operating metrics can be found on our website at www.nzx.com/aboutus/investor/metrics
