NZX Shareholder Metrics – December 2020

NZX Limited - Monthly Shareholder Metrics
December 2020
These shareholder metrics represent the key operations of NZX's business.
Core Markets
Fund listings-$44 m13.9%
Retail debt listings$825 m$4,150 m-17.3%
Total equity raised - NZ issuers$292 m$4,417 m76.4%
Total retail debt raised$261 m$3,145 m150.8%
All equity$185,461 m14.8%61.1%Total wholesale debt raised-$557 m-48.7%
All funds$6,237 m25.6%2.1%
All other$34 m569.5%0.0%
Total NZX Main Board$191,732 m15.2%63.1%Total number of secondary capital raising events3293,24348.6%
Equity issuers - capital raised < $10m404077.7%
Retail debt$34,221 m6.4%11.3%Equity issuers - capital raised ≥ $10m < $100m44627.8%
Green bonds$2,400 m166.7%0.8%Equity issuers - capital raised ≥ $100m3140.0%
Wholesale debt$4,363 m76.7%1.4%Fund issuers - capital raised2772,73158.2%
Total NZX Debt Market$40,984 m15.3%13.5%Retail debt issuers - capital raised54463.0%
Wholesale debt issuers - capital raised-1-66.7%
Cash MarketDec 2020Change YoY
Total value traded$4,335 m57.3%
DerivativesDec 2020Change YoY
Daily average value traded$206 m49.8%Futures - total lots traded13,443-28.5%
On-market value traded$2,840 m67.5%Options - total lots traded6,87019.3%
% of value on-market65.5%6.5%Total derivatives lots traded20,313-17.3%
Total trades1,096,526137.0%Total derivatives lots traded - YTD360,8870.5%
Daily average trades52,216125.7%Open interest58,28734.0%
Notional value traded ($USD)$82 m-23.4%
Options to futures ratio51.1%67.0%
Total Equity TransactionsBlock trade %0.0%-
Total trades1,093,273137.8%
Value traded$4,227 m60.1%
Derivatives Total Lots Traded 2018 / 2019 / 2020
% of value on-market66.3%5.3%
Average on-market trade size$2,573-29.3%
Total Debt Transactions
Total trades3,25312.9%
Value traded $108 m-6.9%
Cumulative Numbers - YTD
Number of trades12,113,347149.1%
Total value traded$53,673 m41.8%
% of value on-market62.0%14.3%
Total equity raised - dual or foreign issuer$1,311 m $1,825 m-66.2%
Market CapitalisationDec 2020 Change YoY % of GDP
Total funds raised - NZ issuers$110 m $1,187 m59.6%
Total market capitalisation$232,716 m15.2%76.6% Total funds raised - dual or foreign issuer$41 m $518 m-0.5%
NZX Listed IssuersDec 2020 Change YoY Capital RaisingDec 2020 YTD Change YoY
Total equity securities1310.0% Total capital raisings $3,120 m $17,630 m-5.5%
Total fund securities498.9%
Total retail debt securities1422.9%New Capital Listed
Total wholesale debt securities860.0% Total capital listed by all issuers$1,105 m $5,981 m-16.4%
Total other securities40.0%
Total listed securities3343.4% Equity listings$280 m $487 m-22.8%
Total NZX Main Board equity issuers1290.0% Wholesale debt listings- $1,300 m-11.6%
Total NZX Main Board fund issuers498.9%
Total NZX Debt Market retail debt issuers510.0%
Total NZX Debt Market wholesale debt issuers20.0%Secondary Capital Raisings
Total other issuers433.3% Total capital raised by all issuers$2,015 m $11,649 m1.2%
Total unique issuers2063.0%

NZX Indices PerformanceDec 2020Change YoYClearing House / DepositoryDec 2020Change YoY
S&P/NZX 50 Index (Gross)13,09213.9%Gross value of cleared trades over month$4,336 m56.8%
S&P/NZX 50 Index (Capital)5,48711.4%Collateral held at month end$66 m45.6%
S&P/NZX 50 Portfolio Index8,15114.7%Depository transactions8,47853.2%
S&P/NZX Primary Sector Index15,466-7.8%Assets under custody in depository$4,790 m37.9%
S&P/NZX NZ Fixed Interest Composite Index1285.1%Value of stock lent over month*--100.0%
S&P/NZX A-Grade Bond Index5,9715.4%
* Due to changes in custodian, NZX Clearing ceased offering stock lending to Participants in
March 2020. Smartshares is completing its own bilateral lending programme.


Direct Data ProductsDec 2020Change YoYDairy Data SubscriptionsDec 2020Change YoY
Proprietary security subscription products*3100.0%Dairy data subscriptions*474-6.0%
- products ≥ $3,000 p.a.*1100.9% - products ≥ $1,500 p.a. *103-12.0%
- products < $3,000 p.a.*200-0.5% - products < $1,500 p.a. *371-4.1%
* Proprietary security subscription products have been restated (including comparatives) to
exclude subscriptions relating to the FundSource business which was sold during June 2019
and to consolidate multi-user licences to reflect the parent subscription only.
* Dairy Data Subscriptions have been restated (including comparatives) to consolidate multi-user
licences to reflect the parent subscription only.
Wholesale DataDec 2020Change YoYEnergy ContractsDec 2020Change YoY
Terminal numbers - professional6,2143.7%Operating / Technology contracts170.0%
Terminal numbers - retail2,50672.4%- contracts ≥ $500k p.a.40.0%
Licences - value ≥ $20k p.a.479.3%- contracts < $500k p.a.130.0%
Licences - value < $20k p.a.833.8%
Smartshares
Dec 2020Change YoY
Total external funds under management$5,078 m28.0%
Scheme FUMDec 2020Change YoY
SuperLife Kiwisaver$1,191 m16.5%
SuperLife Workplace Savings$1,351 m5.0%
Smartshares Exchange Traded Funds - External$1,897 m42.3%
Smartshares Exchange Traded Funds - Total (external and internal)$4,401 m27.0%
* Metrics reported by NZX for Smartshares and Superlife have changed as Smartshares has started to support institutional investors with both managed funds and
separately managed portfolios.
Other MetricsDec 2020Change YoY
Units on issue1,518 m21.5%
Value of stock lent over month*$349 m-
* Due to changes in custodian, Smartshares ceased offering securities through the NZX Clearing centralised clearing book in March 2020 and is now lending
exclusively through its own stock lending programme.
Wealth Technologies
Funds under administration$7,197 m213.4%
Notes
1. All figures are measured at the end of the last trading day of each month unless otherwise stated.
Change refers to the change since the same period last year unless otherwise stated.

2. Equity market capitalisation includes all securities quoted on the NZX Main Board (NZSX).
With an overseas domiciled Issuer, the market capitalisation represents the amount that is held in New Zealand.

3. Market capitalisation for the NZX Debt Market is the total nominal (face) value of all listed securities, excluding New Zealand Government stock.

4. Funds include exchange traded funds, managed funds, listed investment companies and trusts.

5. "Other" securities include options, warrants and options quoted on the NZX Main Board (NZSX).

6. Please note these operational statistics are based on NZX’s internal records, which are unaudited.
Differences may arise between this data and that disclosed in subsequent audited financial statements.
Differences may also arise between this data and the previously reported data due to rounding and classification restatements.

To enquire about information listed on this sheet, or to find out more about NZX products or services, please email: data@nzx.com