"I am pleased to welcome you to our online Annual Report. This is the second year NZX has produced an online report which contains additional content including video interviews. We hope you find the format clear and the content interesting" – NZX Chairman Andrew Harmos
Resurgence of New Zealand's capital markets in 2013 was significant in the history of New Zealand’s
markets. There were 10 Initial
Public Offerings in 2013, the most New Zealand has experienced for more than a decade, with $7.5B in new capital listed. NZX continues to invest in building a strong foundation from which to grow the business and the capital markets in the long term.
2013 was tough for New Zealand’s agricultural sector with severe
drought conditions in the early
part of 2013 and into Q2 affecting
NZX Agri’s performance. On the upside, a number of operational milestones where achieved during the year, and 2014 is off to a strong start for the sector.
NZX Market Operations revenue was up 19% in 2013 compared to the prior
year, benefiting from a full year of the operation of the Fonterra Shareholders’ Market and additional development contract work completed by NZX Energy for the Electricity Authority.
NZX has a renewed focus on the Auckland market and our customers
and stakeholders here. In August 2013 the NZX’s Auckland based team moved into new offices. Later in the year we launched a new Auckland stock ticker which reinforces our commitment to increasing the public profile of the capital markets.