The value of ASX‐listed stocks, as measured by the All Ordinaries Index, fell 2.5% in June 2016. Declines were
also observed in other major markets, including Japan down 9.6%, Germany down 5.7% and Hong Kong down
0.1%. The UK was up 4.4%, Singapore up 1.8% and the US up 0.1%.
Volatility measures for the Australian equity market rose above long‐term averages during June:
Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.8% in June, up
on the previous month (0.6%).
Expected future volatility (as measured by the S&P/ASX 200 VIX) rose in June to an average of 19.4
(compared to 17.6 in May)
ASX announces that it is exercising its right to purchase further equity in the US-based firm Digital Asset Holdings, LLC (Digital Asset). ASX is investing US$7,157,065 which increases ASX's holding in Digital Asset to approximately 8.5%.
ASX will appoint a representative to the board of Digital Asset as it increases its holding.
ASX and Digital Asset have also entered into a commercial agreement appointing Digital Asset as ASX's preferred partner to continue to develop a distributed ledger technology solution to address the post-trade needs of the Australian cash equities market.
Strong businesses anchored in attractive financial market
•Strong market fundamentals
•Diversified business, multi-asset class and vertically integrated exchange
•World-class regulations –trading, clearing, financial market infrastructure supporting end investors
•Strong financial position: AA-credit rating from Standard & Poor's
Positive financial performance for 9 months to 31 March 2016
•Underlying profit after tax A$317.4 million, up 5.9%
•Revenue growth 7.0%, supported by robust trading activity
New listings for the month were Afterpay Holdings Limited (AFY), Crusade ABS Series 2016-1 Trust (CU1), Driver Australia Three Trust (DAE), Medallion Trust Series 2015-2 (MZC), PUMA Series 2015-3 (PUV), Redbubble Limited (RBL), Shark Mitigation Systems Ltd (SM8), SMART ABS Series 2015-2 Trust (SMT), Tegel Group Holdings Limited (TGH) and WAM Leaders Limited (WLE).
De-listings for the month were APOLLO Series 2007-1E Trust (AOY), Colorpak Limited (CKL), Mongolian Resource Corporation Ltd (MUB), New Zealand Oil & Gas Limited (NZO), Phillips River Mining Limited (PRH), PUMA Masterfund S-7 (PUS), Recall Holdings Limited (REC), Scentre Group Trust 1, Scentre Group Trust 2 (SCA) and Vicinity Centres Trust (VCD).
The value of ASX-listed stocks, as measured by the All Ordinaries Index, rose 2.5% in May 2016. This performance was comparable to some major markets including Japan up 3.4%, and Germany up 2.2%. The US was up 1.5%, while the UK was down 0.2%, Hong Kong down 1.2%, and Singapore down 1.7%.
Volatility measures for the Australian equity market remained above long-term averages during May:
• Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.6% in May, down on the previous month (0.7%).
• Expected future volatility (as measured by the S&P/ASX 200 VIX) rose in May to an average of 17.6 (compared to 17.4 in April).
New listings for the month were Abundant Produce Limited (ABT), China Dairy Corporation Limited (CDC), Iron Mountain Incorporated (INM), Medallion Trust Series 2016-1 (MZF), Monash Absolute Investment Company Limited (MA1), MotorCycle Holdings Limited (MTO), Reliance Worldwide Corporation Limited (RWC), Vicinity Centres Trust (VCD), Volpara Health Technologies Limited (VHT) and WiseTech Global Limited (WTC).
De-listings for the month were Aquarius Platinum Limited (AQP), Lasseters Corporation Limited (LAS), Mako Hydrocarbons Ltd. (MKE), Preferred Capital Limited (PCA), Redcliffe Resources Limited (RCF), Sedgman Limited (SDM), Synergy Plus Limited (SNR) and Vonex Limited (VNX).
ASX GROUP MONTHLY ACTIVITY REPORT – APRIL 2016
The value of ASX-listed stocks, as measured by the All Ordinaries Index, rose 3.2% in April 2016. This performance was stronger than all major markets including Hong Kong up 1.4%, the UK up 1.1%, Germany up 0.7% and the US up 0.3%. Japan was down 0.6% and Singapore down 0.1%.
Volatility measures for the Australian equity market remained above long-term averages during April:
• Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.7% in April, consistent with the previous month.
• Expected future volatility (as measured by the S&P/ASX 200 VIX) rose in April to an average of 17.4 (compared to 17.1 in March).
Positive revenue growth of 7.0%
• Growth in all major categories compared to pcp supported by robust trading activity
• Impact of futures fee reductions $11.2m vs $10.5m pcp, continued growth in OTC clearing
• Lower average listings activity in the third quarter of FY16 compared to 1H16
Expense growth of 6.1%
• Acceleration of investment in post-trade services
• CEO transition arrangements
• FY16 guidance expense growth of approximately 6%
Capital expenditure $30.6 million
• FY16 guidance unchanged at approximately $50 million
• Q4 expenditure in line with scheduled technology transformation investments
ASX's financial performance for the nine months to 31 March 2016 was positive. Trading activity levels in cash and derivatives markets grew from the half-year, as did ASX's OTC clearing service with record activity levels in February 2016. Listings and capital raising activity was lower in the third quarter of FY16 compared to the first six months of the year. Overall, revenues were up 7% to almost $553 million and profit was up 6% to more than $317 million.
T+2 settlement of sharemarket trades was successfully introduced on 7 March 2016. The reduction in the settlement period from three to two days has provided efficiencies for investors and market participants, and kept Australia at the forefront of global best practice.
New listings for the month were JC International Group Limited (JCI), N1 Holdings Limited (N1H), Oneview Healthcare PLC (ONE), SMART ABS Series 2015-4E Trust (SXB) and Soon Mining Limited (SMG).
De-listings for the month were Cape Range Limited (CAG), Drillsearch Energy Limited (DLS), Equity Trustee Limited (EQT), Freehill Mining Limited (FHM), Global Resources Masters Fund Limited (GRF), IVS Holdings Ltd (IVS), Mazu Alliance Limited (MZU), Planet Platinum Limited (PPN), Riddock International Limited (RIL), Stirling Products Limited (STI) and UXA Resources Ltd (UXA).