The NZX Group Operational Report was released this morning, showing the NZX 50 Index closing September at its highest level this year and the NZDX Market breaking capital raising and trading records in the third quarter of 2009.
Fiona Mackenzie, NZX Head of Traded Products & Liquidity said, "Trading volumes stabilised and the NZX 50 closed at its highest level for the year in the third quarter. We also saw continued performance from the debt market where retail trading remains strong, with activity levels providing tighter spreads and improved quality and depth of pricing.
"Overall, things are moving in the right direction and we are seeing evidence of confidence returning to markets," said Mackenzie.
The $3.02 billion of debt raised this year to date is an all time NZDX Market record, surpassing the previous record of $2.7 billion debt raised in the full 2007 year.
Last year $1.94 billion of debt was raised in the January to September period.
The total number of trades on the NZDX Market year to date is also at a record high at 31,330 trades, up 31% on the same period last year. In Q3 2009 the number of trades on the NZDX Market was up 41% on the same period last year at 13,713.
The market capitalisation of the NZDX Market is now $14.60 billion, a 17% increase on the same period last year.
The NZX 50 ended the third quarter at 3161, up from 2716 at the start of 2009, an increase of 16% year to date. This is the highest level for the NZX 50 index since September 2008.
There has been $5.34 billion in capital raised on NZX Markets year to date, $2.32 billion in equity and $3.02 billion in debt. There was $320 million of equity raised in the month of September.
Download the NZX Group Operational Reports for Q3 and September here: http://www.nzx.com/about-nzx/investor-relations