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.
