A complete history of operating metrics can be found on the NZX website at www.nzx.com/aboutus/investor/metrics.
Market statistics summary
Highlights- Average daily trades reached 2,780 for March 2005, a 21% increase from the same month last year.
- Total number of trades for the month of March was up 10% from March 2004 to 58,382.
- Total value traded reached $2.5 billion for the month of March. Average daily value was $119 million, a 28% increase versus March 2004.
- Existing issuers raised a total of $442 million new equity capital in the month of March.
Transaction activity, measured by both the average daily number of transactions and average daily value traded, increased by greater than 20% relative to the same period in 2004. There were 21 trading days in the month of March, fewer then last year because of Easter. This continues a strong trend in transaction growth set in February 2005.
Metrics that track the increasing use of Direct Market Access (DMA) are also provided. 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. Since the introduction of DMA in August 2004, ten of NZX's sixteen Trading Participants have now been accredited to make use of DMA. One quarter (25%) of all trades on NZX markets in March 2005 were the result of orders placed through a DMA application. NZX expects this metric to continue to rise as participants increase their use of DMA trading facilities. Another metric that will track the uptake and spread of DMA is total orders placed into NZX markets. NZX markets average 3,982 orders per day for the month of March, giving a 1.43:1 order to trade ratio.
Other NZX Metrics
NZX has experienced a particularly good month in terms of the amount of equity that was raised by current listed issuers. Led by the $190 million share placement by Macquarie Goodman Property Trust and a $141 million share placement by Fletcher Building Limited, only 3 months in the last 2 years saw more equity raised than the $442 million in March. Year to date, existing issuers have raised $639 million in new capital.
Smartshares
Smartshares now has $181 million funds under management across its four listed ETF (exchange traded fund) products. Compared to March 2004 the total number of investors has grown 157%, at the end of March 2005 total number of investors was 10,506. However total funds under management fell $9 million from the end of February 2005, predominately as a result of decreased index value in the NZSX 10 Index (5.6%) and the NZSX MidCap Index (5.5%).
The Smartshares savings plan provides a unique opportunity for investors to make regular contributions to their savings. Currently this savings facility is only available on FONZ, one of Smartshares' four products. FONZ was launched in December 2005 and included the opportunity for investors to make monthly savings contributions. Of the 2,420 shareholders in FONZ, 57% are making monthly savings contributions. Smartshares investors across all four funds will be able to participate in this saving programme by the 2 nd quarter 2005.
Markets business
Mar 2004 |
Mar 2005 |
Change (%) |
||
1. |
Total trades |
52,966 |
58,382 |
+10 |
2. |
Total value traded ($m) |
2,141 |
2,505 |
+17 |
3. |
Average daily trades |
2,303 |
2,780 |
+21 |
4. |
Average daily value ($m) |
93 |
119 |
+28 |
5. |
Total retail (under $50k) trades |
47,657 |
51,898 |
+9 |
6. |
Total domestic market cap ($b) |
53.9 |
63.2 |
+17 |
7. |
Total domestic equity Issuers |
149 |
166 |
+13 |
8 |
New equity listings |
0 |
0 |
n/a |
9 |
Total debt Issuers |
38 |
42 |
+11 |
10 |
Total debt securities |
81 |
85 |
+5 |
11 |
Total data terminals |
n/a |
6,944 |
n/a |
Smartshares
Mar 2004 |
Feb 2005 |
Mar 2005 |
||
1. |
Total FUM ($m) |
85 |
190 |
181 |
2. |
Total investors on register |
4,089 |
10,505 |
10,506 |
3. |
Total ETF's listed |
1 |
4 |
4 |
Link Market Services
Mar 2004 |
Mar 2005 |
Change (%) |
||
1. |
Total issuers |
n/a |
114 |
n/a |
