NZX Operating Metrics July 2006

Key Facts

• NZX 50 Index ended the month on 3,581, a 6% increase since the beginning of 2006
• Total value traded in July was $2.83 billion with an average daily value traded of $135 million
• Total number of trades was 49,617, and average number of daily trades was 2,363 for July
• Total number of trades for the NZAX was 543 for the month, 4,814 year to date
• Total value traded on the NZAX was $4 million for the month, $45 million year to date
• Total number of NZDX trades reached 3,137 for the month, 17,863 year to date
• Total value traded on the NZDX was $173 million for the month, $1.17 billion year to date
• Total number of instalment warrants trades for July was 450
• Total value traded for instalment warrants for July was $3 million
• Smartshares funds under management is $332 million across its five ETFs.

The NZX 50 Index ended the month of July at 3581; it has grown 6% in the last seven months. For July, the average daily number of trades across the three markets was 2,363, and the average daily value traded was $135 million.

Strong year to date performance in NZDX & NZAX Markets

The NZDX and NZAX Markets continue to perform strongly; total trade numbers and the total amount of value traded statistics are well above the levels this time last year.

“We are extremely satisfied at the progress that these two markets are making,” said Geoff Brown, NZX Head of Products. “Transparency of trading and the quality of issuer product in the debt market is what is attracting the investment community to these listed products. Companies listed on the NZAX are maturing rapidly and are using the correct distribution channels to get their stories out there, making them a household name and capturing more and more attention.”

Boosted by eleven new debt listings, two of which were rated, debt trading statistics have been impressive this year. Total value traded for the year to date on the NZDX was $1.17 billion, $131 million more than the total value traded in the same period in 2005. Trading numbers have also increased from 2005; there have been 17,863 NZDX trades until the end of July compared to 14,805 during the same period for 2005.

Total value traded for the year on the NZAX is $45 million, 125% more than the total value traded for the first seven months of 2005. NZAX stocks have also traded more for this year to date period than during the same period last year. There has been a total of 4,814 trades this year, 51% more than during the same period in 2005.

See a PDF version of the NZX Operating Metrics – July 2006.

Smartshares

Smartshares funds under management (FUM) is $332 million with the addition of SmartOZZY. There are now 14,516 unit holders across its five ETF products.

Link Market Services Limited currently serves 130 Issuers; 77 of which have securities listed on NZX's markets.