NZX Limited has announced the release of its monthly shareholder metrics for October 2016, which were widely lower MoM, largely influenced by diminishing levels of Volatility . Volumes at NZ capital markets typically correlate with heightened periods of volatility, often when broader markets undergo risk averse or risk on strategies.
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An in-depth examination of NZX’s cash market trading revealed that in October 2016 the Exchange reported total trades of 135,630, representing a decline of -10.9% MoM from 152,246 trades in September 2016 – this performance was different across a YoY timeframe, after the latest figures registered a growth of 9.9% YoY from October 2015.
The figures were generally on par MoM with other exchange and institutional venues, which have uniformly taken a slight to moderate dip MoM after being sparked by volatile trading in September. As such, the NZX’s average daily trades during October 2016 were reported at just 6,782 trades or -2.0% MoM against 6,920 trades in September 2016. The NZX’s total value traded during October 2016 also fell to $3.1 billion, relative to $3.8 billion in September 2016 or -18.4% lower MoM, as well as seeing a YoY decline of -28.4% YoY from October 2015.
Equities On the Rise
Following last month’s uptick in volumes, NZX could not see a sustained rise in October 2016, with equity transaction trades justifying a figure of 132,513. This failed to overtake September’s figure of 149,243 trades, having yielded a decline of -11.2% MoM. Compared to last year however, October 2016’s equity transactions were also 9.6% higher YoY from October 2015. Finally, equity transaction value traded at the NZX during October 2016 came in at just $3.0 billion, declining by a factor of -18.9% MoM from $3.7 billion in September 2016.
The exchange also saw an uptick across its index performance in October 2016 – during the month, the NZX 50 Index saw a respective YTD growth of 16.3%, the NZX Portfolio Index 15.2%, ANZ A-Grade Bond Index 4.9% growth, and the ANZ All Swap Index of 5.7%, all ultimately finishing in positive territory YoY, though mixed in terms of MoM.
The monthly metrics can be read in full by accessing the following link.
