NZX Shareholder Metrics - May 2025

NZX Listed IssuersMay 2025Change YoYCapital Listed and RaisedYTDChange YoY
Total equity securities119-5.6%Total capital listed and raised$479 m$11,262 m133.4%
Total fund securities567.7%
Total retail debt securities143-2.1%New Capital Listed
Total wholesale debt securities8-Total capital listed by all issuers$150 m$8,255 m422.2%
Total other securities3-25.0%
Total listed securities329-2.1%Equity listings-$7,080 m15292.3%
Fund listings--n/a
Retail debt listings$150 m$1,175 m-23.5%
Total NZX Main Board equity issuers118-5.6%Wholesale debt listings--n/a
Total NZX Main Board fund issuers567.7%
Total NZX Debt Market retail debt issuers46-4.2%Secondary Capital Raised
Total NZX Debt Market wholesale debt issuers2-Total capital raised by all issuers$329 m$3,007 m-7.3%
Total other issuers3-25.0%
Total unique issuers199-2.0%Total equity raised - NZ issuers$79 m$1,722 m124.8%
Total equity raised - dual or foreign issuer-$31 m2130.2%
Total funds raised - NZ issuers$153 m$715 m-6.6%
Market CapitalisationMay 2025Change YoY% of GDPTotal funds raised - dual or foreign issuer$5 m$78 m95.0%
Total market capitalisation$234,464 m6.9%54.9%Total retail debt raised$92 m$461 m-72.4%
Total wholesale debt raised--n/a
All equity$167,903 m9.0%39.3%
All funds$10,201 m4.3%2.4%
All other$18 m229.6%0.0%Total number of secondary capital raising events267 1,272 61.6%
Total NZX Main Board$178,122 m8.7%41.7%Equity issuers - capital raised < $10m11 82 12.3%
Equity issuers - capital raised ≥ $10m < $100m2 12 20.0%
Retail debt$41,737 m2.3%9.8%Equity issuers - capital raised ≥ $100m- 3 50.0%
Green bonds$6,850 m-1.1%1.6%Fund issuers - capital raised252 1,165 69.1%
Wholesale debt$7,755 m0.1%1.8%Retail debt issuers - capital raised2 10 -23.1%
Total NZX Debt Market$56,342 m1.6%13.2%Wholesale debt issuers - capital raised- - n/a
Cash MarketMay 2025Change YoYClearing House / DepositoryMay 2025Change YoY
Total value traded$4,320 m11.8%Gross value of cleared trades over month$3,218 m9.9%
Auction value traded$902 m-26.8%Assets under custody in depository at period end$7,572 m-8.4%
Continuous value traded$1,106 m-5.5%Depository Uplifts9,603 1.2%
NZX Dark value traded$109 mn/aSettlement Lines21,016 -1.0%
% of value on-market49.0%-21.2%OTC Trades10,641 15.5%
Total trades936,73918.4%
Daily average value traded$196 m16.9%
Daily average trades42,57923.8%
DerivativesMay 2025Change YoY
Total Equity TransactionsFutures - total lots traded67,950-13.6%
Total trades929,82318.5%Options - total lots traded2,038-80.1%
Value traded$4,061 m11.4%Total derivatives lots traded69,988-21.2%
% of value on-market49.6%-20.9%Total derivatives lots traded - YTD327,73017.5%
Average on-market trade size$2,178-25.6%Open interest at period end182,38015.4%
Notional value traded ($USD)$328 m1.0%
Total Debt TransactionsOptions to futures ratio3.0%-76.9%
Total trades6,91610.3%Negotiated Large Trade (NLT) %56.7%24.7%
Value traded $259 m18.6%
Cumulative Numbers - YTDEnergy and Environment ContractsMay 2025Change YoY
Number of trades4,526,540 40.6%Operating / Technology contracts17-5.6%
Total value traded$18,676 m37.5%- contracts ≥ $500k p.a.4-
% of value on-market61.9%0.0%- contracts < $500k p.a.13-7.1%
NZX Limited - Monthly Shareholder Metrics
May 2025
These shareholder metrics represent the key operations of NZX's business.
Core Markets
May 2025

NZX Indices PerformanceMay 2025Change YoYWholesale DataMay 2025Change YoY
S&P/NZX 50 Index (Gross)12,4194.6%Terminal numbers - professional6,188-1.7%
S&P/NZX 50 Index (Capital)4,5821.6%Terminal numbers - retail1,1999.5%
S&P/NZX 50 Portfolio Index7,7175.6%Licences - value ≥ $20k p.a.791.3%
S&P/NZX NZ Fixed Interest Composite Index1297.1%Licences - value < $20k p.a.706.1%
S&P/NZX A-Grade Bond Index6,3127.6%
Direct Data ProductsMay 2025Change YoYDairy Data SubscriptionsMay 2025Change YoY
Proprietary security subscription products284-4.7%Dairy data subscriptions403-6.3%
- products ≥ $3,000 p.a.95-4.0% - products ≥ $1,500 p.a. 130-3.7%
- products < $3,000 p.a.189-5.0% - products < $1,500 p.a. 273-7.5%
May 2025Change YoY
Total external funds under management$13,653 m17.7%
Scheme FUMMay 2025Change YoY
SuperLife Kiwisaver$2,590 m13.8%
Workplace Savings Master Trusts$3,284 m5.5%
Smart Exchange Traded Funds - External$3,764 m36.6%
Smart Exchange Traded Funds - Total (external and internal)$8,172 m0.7%
Other MetricsMay 2025Change YoY
Units on issue2,611 m-5.2%
Value of stock lent over month$159 m12.0%
May 2025Change YoY
Funds under administration$17,206 m28.0%
Smart
Wealth Technologies
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 rights, warrants and options quoted on the NZX Main Board (NZSX).
6. Auction value traded refers to trades made during the opening and closing auctions.Continuous value traded refers to on market trades made on NZX Central and NZX Debt
Markets during the Normal Trading session. On market value traded refers to all trading excluding off market trades.
7. 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 insights@nzx.com