- NZX 50 Index ended the month on 3702, almost a 10% increase since the start of 2006 and an all time closing high.
- Average daily trades were 2,704 for March.
- Total value traded in March was $3.97 billion with an average daily value traded of $172 million, a record average and 45% higher than the same month last year.
- Direct Market Access (DMA) trading reached 24,463 total trades for the month, a 71% increase on March 2005 and a 53% increase on last month.
- Total NZAX trade numbers were 841, compared to 435 in March 2005, a 93% increase.
- Total NZDX trade numbers were also strong at 3,128 compared to 1,779 in March 2005, a 76% increase.
- NZDX total nominal value has reached the $8 billion benchmark thanks to the 3 new debt securities listed this month.
- Witan Investment Trust Plc was the first NZSX listing for the year Delegats, Rakon, ICP BioTech and Pike River all announced their confirmation or intention to list in the coming months.
- The number of warrants trades was up 18% this month and value up 35% from last month, the second highest month ever.
- Smartshares funds under management climbed to $215 million.
The NZX 50 rose 297 points this month to end on 3702, almost a 10% increase year to date and an 8.72% increase this month which is the biggest rise in a single month since 1998.
"It's been a month full of activity overall," said NZX Head of Products, Geoff Brown. "All three markets (NZSX, NZAX and NZDX) traded extremely well and show that the future for New Zealand 's capital markets is promising."
The average daily trades were at 2,704 for the 23 trading days in March. This was a significant increase on last month's average of 2,315. This month there were 8 days of 3,000+ trades, including six consecutive days, the first run of its kind since September 2001. Total value traded for the month was $3.97 billion, an increase of $2.51 billion over March 2005. Average value traded per day was $172 million, the highest average ever.
"The combination of continued strong performance from the listed sector, takeover activity and exchange rate volatility has all contributed to a record month for value traded. The New Zealand market is gaining global attention."
The Direct Market Access (DMA) metrics illustrate the continued increase in use of DMA technology and software in the New Zealand market. 39% of all trades on NZX markets in February 2006 were the result of orders placed through a DMA application.
This month NZAX total value traded was three times ($9 million) the total value traded in March 2005. NZAX stocks are also trading more since the same month last year. There was a total of 841 trades compared to 435 in March 2005.
TCNZ Finance Limited and Dominion Finance Holdings introduced 3 new Debt listings, raising an accumulated total of $440 million. NZDX total trade numbers reached 841 compared to 435 in March 2005, a 93% increase. Total value traded for the NZDX was more then double the amount of March 2005, $226 million compared to $101 million.
This brings the NZDX nominal value, excluding Government debt, to $8 billion for the first time ever, up from $5 billion three years ago.
For the year to date, the total capital raised on NZX's markets across debt and equity totals $1.1 billion.
The 18% increase in the number of warrants trades this month was led by two NZX Firms, ASB Securities and ABN AMRO New Zealand. There were 605 trades compared to 511 in February, the second highest month ever.
For a PDF version of the NZX Operating Metrics - March 2006 click here to view.
View the Market Insight March 2006
Smartshares
Smartshares has $215 million in retail funds under management and just over 110 million units on issue across its four listed ETF (Exchange Traded Fund) products. SmartFONZ and SmartMOZY have been the most successful performers of the four funds with 19% and 61% unit price increases since their launch in 2004.
Link Market Services Limited
Link Market Services Limited currently serves 108 Issuers; 74 of which have securities listed on NZX's markets.
NZX Markets Business
| March 2005 | March 2006 | Change | ||
|---|---|---|---|---|
1. |
Total trades |
56,168 |
58,217 |
4% |
2. |
Total value traded ($m) |
2,400 |
3,732 |
55% |
3. |
Average daily trades |
2,780 |
2,704 |
-3% |
4. |
Average daily value ($m) |
119 |
172 |
45% |
5. |
Total retail (under $50k) trades |
50,015 |
50,595 |
1% |
6. |
Total domestic equity market cap ($b) |
63.2 |
68.6 |
8% |
7. |
Total domestic equity Issuers |
166 |
162 |
-2% |
8. |
New equity listings |
0 |
1 |
1 |
9. |
Total debt Issuers |
42 |
44 |
5% |
10. |
Total debt securities |
85 |
102 |
20% |
11. |
Total data terminals |
6,944 |
7,850 |
13% |
Smartshares
| March 2005 | February 2006 | March 2006 | ||
|---|---|---|---|---|
1. |
Total FUM ($m) |
181 |
198 |
215 |
2. |
Total Units on issue (m) |
109.50 |
110.27 |
110.20 |
3. |
Total Smartshares investors on register |
10,506 |
10,592 |
10,531 |
4. |
Total Smartshares ETFs listed |
4 |
4 |
4 |
Link Market Services
| February 2006 | March 2006 | Change | ||
|---|---|---|---|---|
1. |
Total issuers |
109 |
108 |
0% |
