NZX Operating Metrics August 2006

Key Facts

• NZX 50 Index ended the month on 3510, a 4% increase since the beginning of 2006.
• Total value traded in August was $2.9 billion with an average daily value traded of $128 million
• Total number of trades was 51,056, and average number of daily trades was 2,220 for August
• Total number of trades for the NZAX was 635 for the month, 5,449 year to date
• Total value traded on the NZAX was $4 million for the month, $49 million year to date
• Total number of NZDX trades reached 3,011 for the month, 20,874 year to date
• Total value traded on the NZDX was $147 million for the month, $1.3 billion year to date
• Smartshares funds under management is $306 million across its five ETFs.

The NZX 50 Index ended the month of August at 3510; it has grown 4% in the last eight months. For August, the average daily number of trades across the three markets was 2,220, and the average daily value traded was $128 million. The average daily trades in August 2005 were at 2,755 comparative to 2,220 average number of daily trades August 2006. These trading statistics are substantially lower due to the listing of Vector Limited and increased trading associated with the listing in August 2005.

Upcoming Listings & NZAX Initiatives

NZX welcomes Dairy Equity Limited to the NZSX market this month, throwing a spotlight on the New Zealand dairy sector. “The dairy industry is a substantial and influential part of the New Zealand economic landscape,” said NZX Market Developments Manager Geoff Brown. “It is exciting to see that the non-rural community can invest in a sector that has remained largely inaccessible till now”. Dairy Equity price information will be available in real-time to more than 8,000 NZX Data terminals worldwide. “Accessibility to information through an offer of listing leads to more liquidity and an increase in interest in the company and sector” said Brown.

As highlighted last month the NZDX has shown impressive trading statistics this year, with eleven new debt listings. NZX Market Developments Manager Geoff Brown asserts that the NZDX performance is driven by “high quality issues and a wider range of debt products”. New NZDX listings this month are ANZ National Bank Limited and Generator Bonds Limited, these are both rated securities.

On August 31 st NZX released to the market the results of its review of the NZAX Market, "NZAX Market Update", which can be accessed through www.nzx.com.

The announcement summarises the key feedback received from recent consultation with both NZAX Listed Issuers and Sponsors, and sets out some NZX initiatives which have arisen out of this process. Since August 2005 market capitalisation has grown from $484 million to $657 million, and number of Listed Issuers has increased from 23 to 28.

NZAX was launched in November 2003 as a cost-effective listing facility for small to medium sized and non-standard companies, which are fast-growing or looking for additional sources of capital to fuel growth. More information on the NZAX is available here: http://www.nzx.com/nzxmarket/nzax.

Smartshares

Smartshares funds under management (FUM) is $306 million. There are now 14,574 unit holders across its five ETF products.

Link Market Services Limited

Link Market Services Limited currently serves 128 Issuers; 78 of which have securities listed on NZX's markets.

NZX Markets business

Smartshares

Link Market Services

For a PDF version of the NZX Operating Metrics – August 2006 click here.