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- Value of ISEQ quoted companies rises by over 20% to €105 billion
- All ISEQ indices grow by more than 10% in Q1
- Turnover in Irish Government securities doubles to €25bn
Equity trading in Irish market increased by 26.2% to over €10bn in Q1, with value of ISEQquoted companies rising by 20.9%
Equity turnover rose to almost €10.4bn during the first quarter of 2012, according to the Irish Stock Exchange’s quarterly update, published yesterday. This represented an increase of 26.2% on the figures recorded during the last quarter [Q4 2011: €8.2bn] and was similar to levels recorded during the first quarter of 2011. The number of equity trades remained steady at over 630k in the quarter [Q1 2012: 632k and Q4 2012: 638k], with year to date figures showing daily average trades growing by 12.5% year on year [YTD 2012: 9,883 average trades compared to YTD2011: 8,786 trades].
The market capitalisation of ISEQ quoted companies increased by 20.9% during the quarter, reaching €105bn at the end of March 2012 [Q4 2011: €86.9bn] (Note 1).
ISEQ shows strong growth in Q1 with all equity indices increasing by more than 10%
The ISEQ equity indices all showed strong growth in Q1, with increases across the range of indices of more than 10% during the period. The ISEQ Overall index rose by 12.2% and the suite of ISEQ 20 indices, which represent 20 of the largest and most liquid equities quoted on the ISE, continued their strong performance evident in the last quarter of 2011, with the ISEQ 20 up 12.6% [Q4 2011: 15.5%], the ISEQ 20 Capped index growing by 15.8% [Q4 2011: 11.7%] and the ISEQ 20 Leveraged index rising by 25.7% [Q4 2011: 31%]. Other strong performers in the quarter included the ESM index, covering the companies quoted on the Enterprise Securities Market, which grew by 17.6%, the Small Cap index up 23.8% and the Financial index increasing by 49.2%.
Turnover in Irish Government securities exceeds €25bn, more than double Q1 2011 levels
Turnover in Irish Government Bonds and Treasury Bills exceeded €25bn in Q1, a rise of 46.5% [€8bn] on the previous quarter. This reflected the impact of the NTMA’s bond exchange programme, which saw some 30% of investors in an existing 2014 Treasury Bond switch to anew 4.5% Treasury Bond maturing in February 2015.
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