ASX Listings Jump 46% In FY2017-2018
The value of ASX capital raisings surged in the year to June according to data released by the exchange yesterday.
The overall market was up 13% on an accumulation basis, and on an index basis, the main measure, the ASX 200 was up 7.3% thanks to the solid June quarter rise of more than 7%.
The market value of the listed shares rose 10% to $1.956 trillion, a rise of $180 billion over the 12 month period.
As well new listings rose, but the average size of each transaction dipped.
The ASX said a total of $87.73 billion in fresh capital (in initial offerings) secondary capital and paper (scrip for scrip) offerings, up a massive 46% from 2016-17’s $55.96 billion.
The total for 2017-18 was just short of the $88.87 billion reported in 2014-15.
Initial capital raised jumped 75% to $25.69 billion in 2017-18 from the previous year’s $14.65 billion. Secondary capital raised in the year to June jumped 36% to $56.02 billion.
In 2017-18, the average daily number of trades was 10% higher than the in 2016-17 at 1.160 million and the total number of trades during the year was also up 10% at 292.58 million.
The average daily value traded on -market of $4.888 billion was down 1% from 2016-17’s 4.928 billion, while the average value per trade was $4,211, down 10% from 2016-17’s $4,680.
Total cash value of shares traded in the year to June slipped 1% to $1.231 trillion.
Glenn Dyer has been a finance journalist and TV producer for more than 40 years. He has worked at Maxwell Newton Publications, Queensland Newspapers, AAP, The Australian Financial Review, The Nine Network and Crikey.
At the AFR he was a finance writer, Finance Editor, News Editor and Chief of Staff. At the Nine Network he was supervising producer of Business Sunday for more than 16 years. He has also written for other online and analogue print publications here and overseas.