The New Zealand Stock Exchange (NZX) was working hard to
secure several opportunities it saw in the market this year,
chief executive Tim Bennett said yesterday.
Releasing the NZX shareholder metrics, Mr Bennett said 2013
was significant in the history of New Zealand's capital
markets, in particular for the resurgence of interest from
''NZX continued to invest in building a strong foundation
from which to grow the business and the capital markets in
the long term.''
The NZX 50 index was up 16.5% for the year to 4737. Initial
public offering activity was at a nine-year high, resulting
in new capital listed of $7.5 billion.
The 10 new listings comprised Airwork Group, GeoOp, Meridian
Energy, Mighty River Power, SLI Systems, Synlait Milk, Snakk
Media, Wynyard Group, Z Energy and the reverse listing of Mad
Butcher through Veritas.
Cash market trading activity also grew strongly in the year,
Total value traded was up 39.6% to $42.3 billion while
trading volume was up 32%, small trades (less than $50,000 in
value) were up 31.4% reflecting a resurgence of interest in
capital markets by retail investors.
Stock lending activity also grew strongly, up 28.3% to $2.8