Ann: GENERAL: NZX: Another stellar year for New Zealand's...

  1. lightbulb Created with Sketch. 2
    • Release Date: 22/12/14 09:15
    • Summary: GENERAL: NZX: Another stellar year for New Zealand's capital markets
    • Price Sensitive: No
    • Download Document  3.55KB
    					NZX
    22/12/2014 09:15
    GENERAL
    NOT PRICE SENSITIVE
    REL: 0915 HRS NZX Limited
    
    GENERAL: NZX: Another stellar year for New Zealand's capital markets
    
    It has been another stellar year for New Zealand's capital markets, with
    continued strength in capital raising and trading activity; the introduction
    of a range of market initiatives such as the launch of equity derivatives, a
    global butter futures contract, new exchange traded funds; and the
    registration of NXT, NZX's market for small, high-growth businesses.
    
    The NZX 50 Index is up 16.7% since the beginning of this year, delivering
    strong returns to investors. Total market capitalisation (equity) to Gross
    Domestic Product at the end of November 2014 was 41.1% compared to 37.8% at
    the end of 2013.
    
    Initial Public Offering (IPO) activity during the year resulted in total new
    capital listed this year to date of $6.6 billion, and there have been more
    than 165 subsequent capital raising events in 2014 raising more than $1.7
    billion for existing listed issuers.
    
    Listings during the year included Genesis Energy, Intueri Education Group,
    Serko, Gentrack Group, ikeGPS Group, Scales Corporation, Metro Performance
    Glass, Vista Group International, Pushpay Holdings, EROAD, Lateral
    Corporation, TruScreen, Orion Health, Enprise Group, Evolve Education and
    Arvida Group, which listed on the NZX Main Board on Thursday last week.
    
    NZX's funds management business Smartshares listed two new Exchange Traded
    Funds (ETFs) last week. The ETFs are the Australian Property Index Trust
    (ASP), which invests in 16 listed Australian property companies; and the
    Australian Dividend Index Trust (ASD), which invests in the top 50 high
    dividend paying Australian listed companies.
    
    In addition, the Financial Markets Authority (FMA) approved the registration
    and rules for NXT in September 2014, a market designed for small, high growth
    companies. Earlier this month, NZX reached an agreement in principle with
    Edison Investment Research for Edison to become the foundation NXT market
    research provider.
    
    NZX Regulation initiatives
    NZX has put in place a number of governance and process initiatives this year
    to improve both its communication of regulatory decisions and processes, and
    its arrangements for handling perceived or potential conflicts. This
    includes:
    
    o Establishment of a Conflicts Committee of the Board to oversee NZX's
    arrangements for managing conflicts
    o Appointment of Derek Johnston as an independent non-director member and
    incoming chairman of the Regulatory Governance Committee (RGC) of the Board
    and expansion of the scope of the RGC's mandate to include reviewing
    regulatory policy proposals
    
    In June, NZX welcomed the FMA's third annual General Obligations Review which
    concluded that during the 2013 review period NZX complied with all of its
    statutory obligations.
    
    NZX is continuing to invest to ensure that its markets operate in a fair,
    orderly and transparent way as trading and listing volumes continue to
    increase. Year-to-date, NZX Regulation had conducted 192 investigations and
    enquiries into possible breaches of NZX Rules (121 in relation to issuer
    compliance and 71 in relation to participant compliance) and reviewed 28
    complaints from third parties in relation to issuer and participant
    compliance. Eighteen matters have been referred to the NZ Markets
    Disciplinary Tribunal, compared to 9 referred in the 2013 calendar year and 5
    in 2012.
    
    For further information please contact:
    Kate McLaughlin
    Corporate Communications
    M: 027 533 4529
    T: 09 309 3654
    E: [email protected]
    End CA:00259239 For:NZX    Type:GENERAL    Time:2014-12-22 09:15:08
    				
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$1.46
Change
0.000(0.00%)
Mkt cap ! n/a
Open High Low Value Volume
$1.47 $1.47 $1.46 $2.097M 1.429M

Buyers (Bids)

No. Vol. Price($)
0 36396 $1.46
 

Sellers (Offers)

Price($) Vol. No.
$1.47 23582 0
Last trade - 13.00pm 08/08/2025 (20 minute delay) ?
NZX (NZSX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.