NZX volumes up, value down
New NZX metrics show a nearly 20% drop in total value traded last year
NZX [NZX] released its 2014 metrics this morning, showing a 9.8% growth in trade volumes over the year, however the total value traded dropped 17.2%.
Last year was heavy with new listings, with 19 companies carrying out an IPO or compliance listing, contributing an extra $4.74 billion to New Zealand’s capital markets, NZX says.
Retirement village provider Arvida Group’s listing on December 18 rounded off what was a busy year for IPOs in New Zealand, with the likes of childhood education conglomerate Evolve Education Group [NZX:EVO], road tolling company Eroad [NZX:ERD], glass maker Metro Performance Glass [NZX:MPG], healthcare software company Orion Health [NZX:OHE], cinema software business Vista Group International [NZX:VGL], all launching on the main board.
Debt listings also grew, with new debt issuances up 755% on 2013. Real time data terminals remained in line with the year before, with there was a small increase in the number of retail terminal numbers.
Funds under management and units on issue increased 40.4% and 45.9% respectively, largely due to two new exchange traded funds – the Australian Property Trust and Australian Index Trust – being launched by NZX’s Smartshares funds management business in December. NZX also bought superannuation and passive funds manager SuperLife and will launch more ETFs this year.
NZX’s derivatives business traded up 174.9% on 2013 to 101,010, with the launch of a Butter Futures Contract in the fourth quarter and equity derivatives in the third quarter.
Its Australian business Clear Grain Exchange traded 594,619 tonnes during 2014, slightly down on tonnes traded the year before.
Regulation metrics were also released, showing NZX Regulation began 178 investigations of issuers and participants during the year, compared to 140 in 2013.
There were 37 trading halts imposed in 2014 compared to 52 the year before, 22 issuers suspended compared to 12 the year before, and 26 complaints received about issuers compared to 33 the year before.
Calid Smylie
Fri, 30 Jan 2015
Fri, 30 Jan 2015
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NZX volumes up, value down
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