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NZX today released the NZX Group Operational Report September 2010.
The total value traded on NZX Securities Markets increased by 23% in September to $2.2 billion compared to August 2010, with the most marked increase seen in the NZX 50 shares. There were seven trading days in September where the daily average value traded exceeded $100 million compared to one day in August, which suggests improving liquidity trends.
The total number of trades increased by 15% over the same period, with increases of 16% on the NZX Main Board and 43% on the NZX Alternative Market.
Total capital raised in September increased by more than 200% compared to capital raised during August 2010. Greenstone Energy raised $147 million through their retail bond issue, with strong investor demand leading to the company upsizing the offer from original expected size of $100 million. Total new equity raised was $195 million, with Kingfish issuing $41 million of warrants and Hellaby Holdings raising $28 million through a rights issue.
For the first time, NZX Group’s monthly Operational Report includes metrics in respect of NZ Clearing Corporation’s clearing and depository operations. The gross value of cleared trades for the month commenced September 6 (launch date) was $1.9 billion.
