NZX’s Cash Markets, Equities Business Trend Higher in March

NZ capital markets are heating up after scoring another solid month across key metrics.

The NZX Limited has released its monthly shareholder metrics for March 2016, which again saw its business and cash equities trading grow MoM. Much like the first two months of the calendar year, the latest figures have also shown to represent a notable improvement over its 2015 equivalent, according to an NZX statement.

Looking at the NZX’s cash market trading, March 2016 revealed total trades of 167,070, constituting a boost of 12.1% MoM from 149,073 trades in February 2016 – this figure also is also 31.5% higher YoY from March 2015, with NZ capital markets certainly heating up so far in 2016. This marks a consecutive monthly growth in double digits for the exchange, having previously been engulfed in a rather narrow consolidation during Q4 2015.

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By extension, the exchange’s average daily trades during March 2016 reported 7,953 trades against just 7,455 in February 2016 or 6.7% MoM. Another area of strong growth was across the NZX’s total value traded during March 2016, yielding $4.4 billion – this compares to just $3.4 billion in February 2015 or 29.4% higher MoM as well as securing a growth of 17.6% YoY from March 2015.

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Momentum Continues Unabated

Looking at its transactions across its equities business, the NZX saw this area surge to 163,341 during March 2016, besting a February mark of 146,365, en route to a gain of 11.6% MoM.

The NZX’s latest figures in this realm also indicated a healthy rise of 31.1% YoY from March 2015. Furthermore, the equity transaction value traded at the NZX during March 2016 came in at $4.3 billion, catapulting higher by 30.3% MoM from $3.3 billion in February 2016.

Yet another positive area that can be extrapolated from the latest shareholder metrics at the NZX was its indices performance in March 2016, notably in regard to the previous year. During March 2016, the NZX 50 Index (15.7% growth YoY), the NZX Portfolio Index (15.0% growth), ANZ A-Grade Bond Index (6.4% growth), and the ANZ All Swap Index (7.9% growth) all finished in positive territory, surpassing the performance of last month across the board.

The monthly metrics can be read in full by accessing the following link.

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