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Hot Topic NBR Focus: GMO
Hot Topic NBR Focus: GMO
1 mins to read

NZX market cap up 16% to $58 billion


However, number of listed securities has fallen.

NBR staff
Thu, 28 Jul 2011

The market capitalisation of the NZX (NZX:NZX)  has increased by almost 16% year-on-year, despite a drop in the number of listed securities.

The NZX half-year operating metrics show market capitalisation for equities increased 15.9% to $58.0 billion (29.8% of GDP), while debt securities edged up 1.6% to $15.7 billion (8.0% of GDP).

However, the total number of securities dropped to 293 (down 5.2%), with 171 equity securities (down 4.5%), 109 debt securities (down 6.0%) and 13 other securities (down 7.1%).

NZX did not include year-on-year comparisons for total equity raised ($1.181 billion), total debt raised ($461 million), total capital raised ($1,642 million) and new capital listed ($371 million).

A total of $14.3 billion has been traded on the NZX in the half (up 29.2% year-on-year) on 344,334 trades (up 28.3%), at an average daily value of $115 million.

Total funds under management in the five Smartshares funds (which has been under fire for its high fees) increased 17.2% to $341 million, despite the number of unitholders dropping 5.2% to 13,072.

Trading on the NZX’s controversial grain exchange increased 46.3% to 266,322 tonnes. 

NBR staff
Thu, 28 Jul 2011
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NZX market cap up 16% to $58 billion
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