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FTSE Mondo Visione Exchanges Index:

NZX May Operating Metrics

Date 07/06/2005

New Zealand Exchange Limited (NZX) today released its May 2005 operating metrics. NZX releases operating metrics on the first Tuesday of each month prior to the start of trading at 10.00 am.

Market statistics summary

Highlights

Average daily trades of 2,433 for May 2005, a 1% increase over the same month last year.

  • Total value traded of $2.7 billion for the month of May. Average daily value was $124 million, a 10% increase versus May 2004.
  • The NZDX market had eight new securities listed during the month of May, raising a total of $577 million.
  • Three service providers passed conformance testing in May. Bourse Data Pty Limited of Australia is now an approved Data Distributor. Link Market Services Limited is now able to provide registry services to NZX and other listed companies. Capital Market Solutions Pty Limited (CMSPL) passed NZX conformance testing of its new back office system software, NOVA.
  • M C Capital Limited was approved as an NZX Sponsor, taking the total number of approved NZX Sponsors to 41.

Transaction activity increased compared with the same period in 2004. Average daily transactions in both equity and debt securities reached 2,433, a 1% increase on May 2004. However, average daily transaction numbers during May 2005 were down on most previous months in the year. Total value traded for the month was $2.7 billion, a 15% increase on May 2004.

Eight new securities were listed on the NZDX market during May, raising a total of $577 million. This included four new NZDX issuers: CBA Capital Australia Limited, Fairfax New Zealand Finance Limited, Macquarie Fortress Investments Limited, and Wrightson Finance Limited.

Bourse Data Pty Limited of Australia passed NZX conformance testing and is now NZX's newest Data Distributor, thus allowing more Australian investors to access data on New Zealand markets.

Bourse Data is an independent supplier of market data to the Australian market, providing both retail and commercial solutions.

The conformance test undertaken by CMSPL confirms that their new software can interact with messages carried by the NZX Proprietary Gateway II System.

The number of NZX Sponsors increased to 41 during May after Auckland firm M C Capital Limited was approved as an NZX Sponsor. NZX Sponsors assist issuers in raising capital on any of NZX's markets.

Smartshares

Smartshares now has $183 million funds under management and close to 114 million units on issue across its four listed ETF products. Despite flat market conditions, Smartshares grew units in May by approximately 4.5 million, through increased participation in its savings plan and Smartshares' ability to reach large international investors.

Link Market Services

Link's OSCAR registry system passed NZX conformance testing during May and is now ready for use in the New Zealand market.

Markets business

    May 2004 May 2005 Change

1.

Total trades

50,576

53,529

+6%

2.

Total value traded ($m)

2,359

2,720

+15%

3.

Average daily trades

2,408

2,433

+1%

4.

Average daily value ($m)

112

124

+10%

5.

Total retail (under $50k) trades

45,272

46,917

+4%

6.

Total domestic market cap ($b)

55.2

62.5

+$7.3b

7.

Total domestic equity Issuers

153

166

+8%

8.

Total debt Issuers

39

46

+18%

9.

Total debt securities

80

92

+15%

10.

Total data terminals

n/a

7,078

n/a

Smartshares

    May 2004 Apr 2005 May 2005

1.

Total FUM ($m)

80

175

183

2.

Total units on issue (m)

75.10

109.51

113.96

3.

Total investors on register

4,028

10,450

10,457

4.

Total ETF's listed

1

4

4

Link Market Services

  May 2004 May 2005 Change (%)

1.

Total issuers

n/a

116

n/a

A complete history of operating metrics can be found on our website at www.nzx.com/aboutus/investor/metrics