NZX Operating Metrics June 2006

• NZX 50 Index ended the month on 3586, a 6% increase since the beginning of 2006
• Total value traded in June was $2.99 billion with an average daily value traded of $142 million
• Total number of trades was 51,373 and average daily trades were 2,446 for June
• Three companies listed on the NZAX Market this month, Holly Springs Limited, Vistron Limited and Viking Capital Limited
• Three companies issued new securities on the NZDX listings this month, Babcock & Brown Limited, Credit SaIL Limited and Hellaby Holdings Limited
• Debt raising year to date is $1.38 billion, $477 million or 53% more than the same time in 2005
• The total amount of capital raised this year on all three markets is $2.1 billion, this amount is $202 million or 11% more than the capital raised for the same period in 2005
• Total NZAX trade numbers were 603, compared to 490 in June 2005, a 23% increase.
• Total value traded on the NZAX was $4 million
• Total NZDX trade numbers reached 2,685
• Total value traded on the NZDX was $198 million
• Total number of warrants trades reached was 967
• Total value traded was $10.6 million
• Smartshares funds under management has increased to $330 million across the five ETFs.

The NZX 50 Index ended the month of June at 3586; it has grown 6% in the last six months.

Average daily value traded this month was $142 million, 14% up from June 2005. Average numbers of daily trades however were down 4% on June 2005 at 2,446.

The most impressive metric in 2006 has been the amount of capital raised. For the year to date, the total capital raised on NZX's markets across debt and equity totals $2.1 billion. This figure is $202 million more than the amount raised for the same period last year. Over $1 billion has been raised in the debt space in 2006 ($1.39 billion), mainly through the ten new debt issues. The graph below illustrates that the level of 2006 debt raising is already more than the total raised in 2004 and well above the level at this time last year.

“More and more companies are acknowledging that the listed environment is an ideal place to raise debt,” said Mark Weldon, NZX Chief Executive Officer. “The transparency and continuous disclosure requirements give both the company and its investors comfort that they have enough information available for the investment community to make informed decisions.”

NZAX continues to trade strongly. Total value traded for the month was $1 million, more than the total value traded in June 2005. NZAX stocks are also trading more since the same month last year. There was a total of 603 trades, 23% more than in June 2005. However, NZDX total trade numbers were slightly down compared to the same month last year at 2,685, a 6% decrease.

Westpac Banking Corporation became an accredited NZX Faster Participant; they are the first retail bank to adopt paperless settlement for NZX securities. Campbell MacPherson Limited became an NZX Sponsor this month brining the total to 46.

View the NZX Market Insight page.

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

Smartshares

Smartshares Limited has extended its product range to five exchange traded funds (ETFs) with the purchase of the management rights to the Tortis OZZY Fund, re-named smartOZZY. The smartOZZY tracks the S&P/ASX 20 Index and complements the existing range of Smartshares products on offer.

”With smartOZZY, Smatshares investors now have the chance to diversify their Australian and New Zealand portfolio even more,” said Yvonne Davie, Smartshares Head of Sales and Marketing. “smartOZZY is a good growth product for Smartshares and this is why we are excited about offering the Direct Application and Regular Savings Plan facilities with it.”
Smartshares funds under management (FUM) is $330 million with 14,486 unit holders across its five ETF products.

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