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Market Metrics for November 2005
Key Facts
- Average daily trades was 2,412 for November, a 10% decrease from November 2004 when the PowerCo takeover bid drove strong trading volumes.
- Total value traded reached $2.9b with an average daily value traded of $131m. This is an increase of 12% on November 2004.
- There was a continued increase in orders placed to market with an average daily amount of 15,924. This is an increase of 329% on November 2004.
- Existing Issuers raised an additional $212m in November.
Average daily trades was 2,412 for November, a 10% decrease from November 2004. This was due to the PowerCo takeover bid fuelling very strong trading numbers in November last year. However, despite a decrease in average daily trades there was average daily value traded of $131m in November, an increase of 12% on November 2004. This is a continuation of strong average daily value traded in 2005.
Existing Issuers issued an additional $212 million in November ($151 million in debt and $61 million in equity). Of the $151m in debt issued $150m came from the issuance of AIA060 and AIA070, an addition to Auckland International Airport 's existing 5 debt securities.
For the year to date, the total capital raised on NZX's markets across debt and equity totals $3.5 billion. This is an increase on the $2.7 billion raised by the same time last year.
A continued increase in orders to market is shown again this month with a total of 350,320 orders placed in November. This equates to an average of 15,924 orders placed to market per day and is a 329% increase on November 2004. This reflects a continued increase in Direct Market Access (DMA) activity and the growing use of automated or programmed trading strategies by NZX Participants and their clients.
For a PDF version of the full NZX Operating Metrics - November 2005 click here.
A complete history of operating metrics can be found on our Investor Metrics website.
View the Market Insight November 2005.
Link Market Services
November was a good month for Link Market Services. Link signed up the Package Income Notes (PINs) debt market listing and has also secured the Westpac tender buyback. BK Registries in Ashburton is continuing its rebranding from BK to Link (which should be completed in Q1 2006) and is migrating clients from the current BK Registry system to the web-focused sytem of Link Market Services.
Smartshares
Smartmoves in Smartshares - From December 14th Smartshares intends that investors will be able to buy the funds from Smartshares via a new cash application facility. The aim is to make it easier to become a Smartshares investor or to add to an existing Smartshares investment.
It will be a simple two-step process:
- Fill in a cash application form in the new Smartshares Investment Statement.
- Attach a cheque and post to the Smartshares Registry.
You will still be able to buy Smartshares on market via your broker, but if you have any questions about the new planned way to buy, please feel free to call Smartshares on 0800 80 87 80.
Please note: No money is currently sought and no applications for securities will be accepted unless the subscriber has received an investment statement.
Market Stats
New Listings
| Name | Code | Details | Date |
|---|---|---|---|
NZX- New Zealand Stock Market |
|
|
|
Heritage Gold NZ Ltd |
HGDOA |
Options, $0.10 |
1/11/2005 |
Pan Pacific Petroleum NL |
PPPRA |
Renounceable Rights |
28/11/2005 |
Wellington Drive Technologies Ltd |
WDTRD |
Renounceable Rights |
21/11/2005 |
NZDX - New Zealand Debt Market |
|
|
|
Auckland International Airport Ltd |
AIA060 |
Bonds, 7.19% Nov 2012 |
7/11/2005 |
Auckland International Airport Ltd |
AIA070 |
Bonds, 7.25% Nov 2011 |
7/11/2005 |
Infratil Ltd |
IFT131 |
Bonds, 7.25% Nov 2010 |
16/11/2005 |
NZAX - Alternative Market |
|
|
|
Loan and Building Society (NS) |
LBSRA |
Renounceable Rights |
14/11/2005 |
Upcoming Listings
| Name | Code | Details | Date |
|---|---|---|---|
Goodman Fielder Ltd |
GFF |
Ordinary Shares |
19/12/2005 |
New Zealand Oil and Gas Ltd |
NZOOD |
Options, $1.50 Jun 2008 |
5/12/2005 |
Pan Pacific Petroleum NL |
PPPOA |
Options, $0.15 Jun 200 |
16/12/2005 |
Performance of the NZSX Market last month
The NZX 50 was up slightly from last month, closing at 3,318 points. The NZX 15 Index, which tracks the performance of the top 15 securities on the NZSX started and closed the month on 6,186.
The Leading and Lagging NZSX Securities this Month
| Code | Security | Price$ | Change$ | Change% |
|---|---|---|---|---|
NZX 50 Index Securities |
|
|
|
|
RYM |
Ryman Healthcare |
$5.50 |
$0.75 |
15.8% |
KIP |
Kiwi Income Property Trust |
$1.32 |
$0.15 |
12.8% |
THL |
Tourism Holdings |
$1.48 |
-$0.21 |
-12.4% |
CAV |
Cavalier Corporation |
$2.67 |
-$0.48 |
-15.2% |
Other NZSX Securities |
|
|
|
|
VTL |
VTL Group |
$0.60 |
$0.13 |
27.7% |
CDI |
CDL Investments NZ |
$0.39 |
$0.05 |
14.7% |
BCF |
Blue Chip New Zealand |
$0.85 |
-$0.14 |
-14.1% |
POD |
Pod |
$0.68 |
$0.44 |
-39.3% |
Performance of the NZAX Market last Month
The NZAX All Index, which tracks the performance of the NZAX market, lost some of the ground it had made over October dropping 57 points to 1,348.
The Biggest NZAX Movers in October
| Code | Security | Price$ | Change$ | Change% |
|---|---|---|---|---|
CNX |
Connexionz |
$0.44 |
$0.12 |
37.5% |
OBV |
Oyster Bay Marlborough Vineyards |
$4.00 |
$0.76 |
|
PLS |
PLUS |
$0.64 |
-$0.12 |
-15.8% |
SAT |
Satara Co-op Group |
$0.60 |
-$0.22 |
-26.8% |
NZX FIRM MARKET SHARE STATISTICS
Top 10 NZX Firms by NZSX & NZAX Equity Value Traded
| Value Traded ($ million) | Value % | ||
|---|---|---|---|
1 |
First NZ |
$637 |
24.34% |
2 |
GSJBWere |
$499 |
19.05% |
3 |
ABN AMRO NZ |
$348 |
13.30% |
4 |
UBS |
$286 |
10.94% |
5 |
Citigroup |
$272 |
10.40% |
6 |
Macquarie |
$258 |
9.86% |
7 |
Forsyth Barr |
$125 |
4.78% |
8 |
ABN AMRO Craigs |
$93 |
3.55% |
9 |
ASB Securities |
$53 |
2.04% |
10 |
Direct Broking |
$29 |
1.11% |
Top 10 NZX Firms by NZSX & NZAX Equity Trades
| Trades | Trades % | ||
|---|---|---|---|
1 |
First NZ |
8,877 |
17.68% |
2 |
GSJB Were |
7,065 |
14.07% |
3 |
ABN AMRO Craigs |
5,801 |
11.55% |
4 |
ASB Securities |
5,552 |
11.05% |
5 |
Forsyth Barr |
4,981 |
9.92% |
6 |
Macquarie |
4,066 |
8.10% |
7 |
Direct Broking |
3,545 |
7.06% |
8 |
UBS |
3,403 |
6.78% |
9 |
ABN AMRO NZ |
2,738 |
5.45% |
10 |
Citigroup |
2,264 |
4.51% |
Top 10 NZX Firms by NZDX Debt Trades
| Trades | Trades % | ||
|---|---|---|---|
1 |
First NZ |
739 |
26.06% |
2 |
Forsyth Barr |
620 |
21.86% |
3 |
ABN AMRO Craigs |
502 |
17.70% |
4 |
ASB Securities |
277 |
9.76% |
5 |
Direct Broking |
198 |
6.97% |
6 |
GSJB Were |
182 |
6.42% |
7 |
Greenslades |
122 |
4.30% |
8 |
Macquarie |
116 |
4.09% |
9 |
Hamilton Hindin Green |
65 |
2.29% |
10 |
Glendinning |
8 |
0.26% |
Top 10 NZX Firms by Warrant Trades
| Trades | Trades % | ||
|---|---|---|---|
1 |
ABN AMRO NZ |
189 |
25.93% |
2 |
ABN AMRO Craigs |
126 |
17.22% |
3 |
ASB Securities |
98 |
13.44% |
4 |
First NZ |
84 |
11.52% |
5 |
Forsyth Barr |
58 |
7.96% |
6 |
UBS |
53 |
7.20% |
7 |
Direct Broking |
50 |
6.79% |
8 |
Hamilton Hindin Green |
35 |
4.80% |
9 |
GSJB Were |
20 |
2.74% |
10 |
Greenslades |
12 |
1.57% |
