A complete history of operating metrics can be found on our website at www.nzx.com/aboutus/investor/metrics.
Market statistics summary
Highlights
- Average daily trades reached 2,458 for September, a 2% increase from September 2004.
- Total value traded reached $3.01 billion for the month of September. Average daily value was $137 million, a 3% increase versus September 2004.
- Infratil Limited and Powerco Limited both issued two new debt securities raising a total of $264 million.
- Smartshares was appointed by the New Zealand Superannuation Fund (NZSF) to manage a mandate in passive New Zealand equities.
- NZX 50 Index reached an all time high of 3452.79 points, this reflects an increase of 12.7% since January 1st 2005.
Transaction activity in September, measured by both the average daily number of transactions and average daily value traded, increased compared with the same period in 2004. Average daily transactions reached 2,458, a 2% increase on September 2004. Average daily value traded for the month was $137 million, up 3% on September 2004.
Existing Issuers issued an additional $389 million in September ($265 million in debt and $124 million in equity). Infratil Limited and Powerco Limited issued two new debt securities (IFT110, IFT120, PWC080, and PWC090), raising $84 million and $180 million respectively. For the year to date, the total capital raised on NZX's markets across debt and equity totals $3.2 billion.
The NZX 50 Index capitalisation reached an all time high of $49.7 billion. This reflects a year to date increase of $3.4 billion and an increase of $19.2 billion from its launch on 3 March 2003. The increase in the index is attributable to strong individual company performances and also to the inclusion of both Vector Limited (VCT) and Westpac Banking Corporation (WBC). The increase in market capitalisation of the NZX 50 Index has created a more balanced index. Telecom is now weighted at 23.7%, this is down from a peak weighting of 30.03% in May 2003. The top five NZX50 constituents also include CEN (9.10%), FBU (7.64%), CAH (6.85%), and AIA (5.75%).
One notable feature of September market activity was the increase in orders placed into the market. The total number and daily average increased by 30% compared to the same period last year. This reflects an increase in Direct Market Access (DMA) activity and the use of automated or programmed trading strategies by NZX Participants and their clients.
Smartshares Limited
Smartshares has $204 million funds under management and just over 111 million units on issue across its four listed ETF (Exchange Traded Fund) products.
Smartshares was appointed by the New Zealand Superannuation Fund (NZSF) to manage a mandate in passive New Zealand equities. The funds are passively managed against the NZX/NZSF Custom 50 Index – a custom built index which tracks the NZX 50 Index and caps individual company weightings at 15%.
Link Market Services Limited
Link market services Limited currently serves 108 issuers; 72 of which have securities listed on an NZX's markets.
NZX Markets business
| Sep 2004 | Sep 2005 | Change | ||
|---|---|---|---|---|
1. |
Total trades |
53,173 |
54,068 |
+2% |
2. |
Total value traded ($m) |
2,913 |
3,012 |
+3% |
3. |
Average daily trades |
2,417 |
2,458 |
+2% |
4. |
Average daily value ($m) |
132 |
137 |
+3% |
5. |
Total retail (under $50k) trades |
46,491 |
46,925 |
+1% |
6. |
Total domestic market cap ($b) |
59.6 |
65.7 |
+$6.1b |
7. |
Total domestic equity Issuers |
160 |
163 |
+2% |
8 |
New equity listings |
1 |
0 |
-100% |
9 |
Total debt Issuers |
41 |
47 |
+15% |
10 |
Total debt securities |
88 |
98 |
+11% |
11 |
Total data terminals |
n/a |
7,702 |
n/a |
Smartshares Limited
| Sep 2004 | Aug 2005 | Sep 2005 | ||
|---|---|---|---|---|
1. |
Total FUM ($m) |
155 |
198 |
204 |
2. |
Total Units on issue (m) |
100.06 |
111.15 |
111.66 |
3. |
Total Smartshares investors on register |
5,976 |
10,434 |
10,463 |
4. |
Total Smartshares ETFs listed |
3 |
4 |
4 |
Link Market Services Limited
| Sep 2004 | Sep 2005 | Change | ||
|---|---|---|---|---|
1. |
Total issuers |
n/a |
108 |
n/a |
