NZX Sees Capital Markets Shine in Q1, Led by Cash Markets and Equities

The NZX did not disappoint in Q1, with virtually every key metric pointing higher and overtaking its 2015 counterpart.

The New Zealand Exchange (NZX) released its Q1 2016 activity report and financials, which overall secured a healthy growth YoY as it looks to build upon its momentum after closing out the year strong, according to an NZX statement.

Looking at the financials, NZX’s overall group revenue climbed 9.6% to $12.6 million (NZ$18.0 million) during Q1 2016, besting a Q1 2015 figure of $11.5 million (NZ$16.4 million) in Q1 2015. In this space, the largest growth was contributed by the NZX’s agricultural business, namely across its commodities, which climbed 39.0% YoY to $300,300 (NZ$430,000) in Q1 2016, vs. just $202,500 (NZ$290,000) in Q1 2015. In addition, the NZX’s funds services bolstered the exchange’s revenues in Q1 2016, justifying a swell of 39.1% YoY to $2.2 million (NZ$3.2 million).

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Markets Overview

The NZX reported its cash markets total trades of 442,181 during Q1 2016, up 39.2% YoY from Q1 2015 – this was also reflective of a jump of 41.5% YoY to 7,370 trades per day in Q1 2016. The value traded in its cash markets was also pointed higher, with total cash markets value coming in at $7.0 billion (NZ$10.0 billion) in Q1 2016, up 9.7% YoY.

Equity transactions were also very heated during Q1 2016, yielding a figure of 433,632 trades, or 39.0% YoY from Q1 2015. Furthermore, the value of equity transactions at the NZX grew to $6.7 billion NZ$9.6 billion during Q1 2016, up 7.9% YoY.

Indices Advance Continues

The NZX’s leading indices managed to continue unabated throughout Q1 2016. During Q1 2016, the NZX 50 Index (15.7% growth YoY), the NZX Portfolio Index (15.0% YoY growth), ANZ A-Grade Bond Index (6.4% YoY growth), and the ANZ All Swap Index (7.9% YoY growth) all finished in positive territory, overtaking the performance of Q1 2015 across the board.

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