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NZX released the July Operating Metrics today, showing capital raised this year to the end of July up 38%.
Total capital raised year to date reached $2.99 billion in July, compared to $2.16 billion for the same period in 2006.
Capital raised in the month of July was up 270% on the same month last year. There was $341 million capital raised in July, compared with $92 million in July 2006. Total equity raised in July was up 410% and total debt raised was up 90%.
NZX Head of Market Products, Geoff Brown said, "It is great to see the trend of strong capital raisings continue, up 38% at almost $3 billion year to date. Growth in the number of real time data terminals has also continued with 9,703 terminals now delivering NZX Market Information world-wide."
"In July we introduced the new Trayport Trading system and two new aspects to the system, anonymous trading and a closing auction. Total value traded was up 15% in the month and in the last week of July we saw the strongest trading volumes year to date. We expect to see this continue following these trading system developments.
"We also predict that KiwiSaver and related tax changes that kick in in October will have a positive impact on trading volumes on NZX markets. We will keep the market informed of the extent of this impact within our monthly metrics," said Brown.
The NZX Operating Metrics are released on the first Tuesday of every month and are available on the NZX website.
