New Zealand’s leading exchange and clearing business operator, NZX Limited, today reported its May 2016 monthly shareholder metrics, with an overall increase in both the total number of trades and overall trade values from its cash market business, when compared to the prior month.
NZX reported the total number of trades from its cash market reaching 173,379 in May and higher from 142,769 reported in April, an increase of more than 21% month-over-month (MoM), and also higher by 38.7% compared to May 2015 on a year-over-year (YoY) basis.
As noted in recent coverage by Finance Magnates, NZX has been experiencing significant growth in its monthly metrics when compared YoY to each corresponding month of 2015.
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May volumes and values improve
The total value of May’s trades also surpassed April’s total, rising to $4.3 billion from $4.1 billion MoM, and back towards its March 2015 levels near $4.4 billion . However, May total values were still higher by 46.3% when compared YoY to May 2015 – adding to the YoY growth that is continuing each month.
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From the total volumes in May, the bulk of volumes were made up from the equity transactions, which accounted for 169,717 from the 173,379 total, whereas values were also made up mostly by this segment representing $4.1 billion of the $4.4 billion total.
The remaining volumes in May were driven by debt transactions, which represented just 3662 trades across $195 million worth of trade values, yet these totals were higher by 38.3% and 108.5% when compared year-over-year.
Capital raising gets a boost
NZX had its best month so far in 2016 in terms of IPO and compliance listings after bringing its year-to-date total from $0.03 billion to $0.61 billion in May, a sharp increase of $0.58 billion from April.
Money raised by issuers in its secondary capital markets declined in May to $294 million down from $312 million in April, despite the same number of capital raising events which stood at 19 MoM. The market capitalization of all listed equities reached $119.9 billion in May, up from $116.6 in April, and higher by 16.7% when compared YoY.
Additional highlights for May can be seen in the table below excerpted from the NZX May report: