NZX’s 2016 Metrics See Rise Across the Board, Boosted by Equities, Capital Raising

2016 was a positive year for the NZX, scoring key gains across key business segments on a YoY basis.

NZX Limited has released its annual shareholder metrics for the 2016 year, which saw an uptick in key segments, including cash markets trading volumes and equities, among others, according to a year-end company filing.

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Looking at its cash markets trading business in 2016, the exchange managed to record a total of 1,754,629 trades, which constitutes growth of 19.8% YoY from 1,464,894 trades in 2015. In addition, the NZX’s daily average trades also swelled to 6,991 in 2016, up from 5,836 in 2015.

A recurring trend that has helped steer NZX’s volumes and cash markets trading in 2016 is volatility, which has oscillated to a large degree in world markets, despite holding steady at NZX throughout the year. In several monthly instances, even when worldwide exchanges experienced decreased volumes, NZX had managed to hold onto the majority of its volumes.

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The total value traded in NZX’s cash markets segment was also on the increase YoY, climbing to $44.0 billion in 2016 from $41.7 billion in 2015, or 5.5% YoY. Meanwhile, total equity transactions were ticking higher over the year, having come in at 1,715,115 in 2016, overtaking a 2015 figure of 1,425,215 or 19.5% YoY.

Another component of strong growth at NZX in 2016 was in its capital raising. Initial public offerings (IPOs) and compliance listings grew to $2.12 billion, up 24.5% YoY from $1.70 billion in 2015. Globally, IPO activity has been on the decline in 2016, with North American and European markets each seeing a dearth of IPO activity during last year.

NZX’s market capitalization also edged higher, albeit by a more muted factor in regard to its other segments. In 2016, the exchange saw its total equity capitalization move to $115.5 billion, up 4.9% YoY from $110.2 billion in 2015.

Finally, the NZX’s fund performance was also positive, though none of its funds could score a double-digit return on an annual basis. In particular, the NZX 50 Index saw a respective YoY growth of 8.8%, the NZX Portfolio Index 7.7%, A-Grade Bond Index 3.7% growth, and the All Swap Index of 3.4%.

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