NZX’s March Volumes See Continued Growth in Equities Space

Cash markets and equities volumes were firmly higher in March, rising on global volatility.

NZX Limited has reported its monthly shareholder metrics for March 2017, which catapulted higher overall on heightened volatility. The latest readings build on an already successful Q1 performance from the exchange.

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In terms of the NZX’s latest volumes across cash market trading in March 2017, the exchange reported total trades of 171,644, reflective of a growth of 25.0 percent month-over-month from 137,263 trades in February 2017. This performance was somewhat more steady when weighed against its 2016 counterpart, rising by only 2.8 percent year-over-year.

The latest readings at NZX did benefit from higher volatility, which helped kindle market activity in March 2017. Monetary policy action from the US Federal Reserve helped set the tone for markets that had priced in a rate hike, ultimately stimulating volumes. NZX’s average daily trades during March 2017 were reported at 7,463 trades, up by a factor of 3.3 percent month-over-month from 7,224 trades in February 2017. This growth was pared over a year-over-year timetable, falling slightly by -6.2 percent from March 2016.

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Additionally, the NZX’s total value traded during March 2017 also rose to $4.0 billion, relative to $2.8 billion in February 2017 or 42.9 percent higher month-over-month, as well as seeing a year-over-year retreat of -9.2 percent from March 2016 – this was largely attributed to an unusually strong Q1 2016.

Equities Again See Monthly Growth

Looking at the equities space, NZX built on a consecutive monthly ascension in this asset, securing a healthy growth in March 2017. Equity transaction trades came in at 167,755, up 24.9 percent month-over-month from 134,306 trades in February 2017.

March 2017’s equity transactions were also trending higher by 2.7 percent year-over-year from March 2016. Finally, equity transaction value traded at the NZX during the month came in at $3.9 billion, rising by 44.4 percent month-over-month from $2.7 billion in February 2017.

The exchange also saw growth across its index performance in March 2017 – during the month, the NZX 50 Index saw YTD growth of 6.6 percent, the NZX Portfolio Index 7.2 percent, ANZ A-Grade Bond Index 3.1 percent, and the ANZ All Swap Index 1.3 percent.

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

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