NZX Shareholder Metrics - January 2026

NZX Listed IssuersJan 2026Change YoYCapital Listed and RaisedYTDChange YoY
Total equity securities116-3.3%Total capital listed and raised$898 m$898 m-87.7%
Total fund securities56-
Total retail debt securities139-2.8%New Capital Listed
Total wholesale debt securities7-12.5%Total capital listed by all issuers$650 m$650 m-90.8%
Total other securities6100.0%
Total listed securities324-1.8%Equity listings---100.0%
Fund listings--n/a
Retail debt listings$650 m$650 mn/a
Total NZX Main Board equity issuers115-3.4%Wholesale debt listings--n/a
Total NZX Main Board fund issuers56-
Total NZX Debt Market retail debt issuers45-2.2%Secondary Capital Raised
Total NZX Debt Market wholesale debt issuers2-Total capital raised by all issuers$248 m$248 m2.1%
Total other issuers566.7%
Total unique issuers196-2.0%Total equity raised - NZ issuers$6 m$6 m50.0%
Total equity raised - dual or foreign issuer$4 m$4 m-
Total funds raised - NZ issuers$127 m$127 m-1.6%
Market CapitalisationJan 2026Change YoY% of GDPTotal funds raised - dual or foreign issuer$22 m$22 m266.7%
Total market capitalisation$246,496 m1.8%56.0%Total retail debt raised$89 m$89 m-11.0%
Total wholesale debt raised--n/a
All equity$181,074 m4.2%41.2%
All funds$9,029 m-11.8%2.1%
All other$6 m-59.8%0.0%Total number of secondary capital raising events297 297 38.1%
Total NZX Main Board$190,109 m3.3%43.2%Equity issuers - capital raised < $10m21 21 90.9%
Equity issuers - capital raised ≥ $10m < $100m- - n/a
Retail debt$44,524 m2.6%10.1%Equity issuers - capital raised ≥ $100m- - n/a
Green bonds$6,025 m-13.6%1.4%Fund issuers - capital raised274 274 35.6%
Wholesale debt$5,838 m-24.6%1.3%Retail debt issuers - capital raised2 2 -
Total NZX Debt Market$56,387 m-3.0%12.8%Wholesale debt issuers - capital raised- - n/a
Cash MarketJan 2026Change YoYClearing House / DepositoryJan 2026Change YoY
Total value traded$2,600 m17.0%Gross value of cleared trades over month$2,346 m12.5%
Auction value traded$686 m8.1%Assets under custody in depository at period end$5,664 m-27.9%
Continuous value traded$860 m0.0%Depository Uplifts8,612 8.1%
NZX Dark value traded$121 m23.5%Settlement Lines17,883 -0.3%
% of value on-market64.1%-10.6%OTC Trades9,132 6.6%
Total trades747,897-8.7%
Daily average value traded$130 m22.9%
Daily average trades37,395-4.1%
DerivativesJan 2026Change YoY
Total Equity TransactionsFutures - total lots traded57,25946.2%
Total trades744,000-8.6%Options - total lots traded1,906-40.5%
Value traded$2,457 m20.5%Total derivatives lots traded59,16539.6%
% of value on-market65.4%-11.8%Total derivatives lots traded - YTD59,16539.6%
Average on-market trade size$2,17316.7%Open interest at period end183,96033.0%
Notional value traded ($USD)$308 m18.3%
Total Debt TransactionsOptions to futures ratio3.3%-59.3%
Total trades3,897-26.1%Negotiated Large Trade (NLT) %35.1%-20.9%
Value traded $143 m-22.0%
Cumulative Numbers - YTDEnergy and Environment ContractsJan 2026Change YoY
Number of trades747,897 -8.7%Operating / Technology contracts17-
Total value traded$2,600 m17.0%- contracts ≥ $500k p.a.4-
% of value on-market64.1%-10.6%- contracts $20k - $500k p.a.13-
NZX Limited - Monthly Shareholder Metrics
January 2026
These shareholder metrics represent the key operations of NZX's business.
Core Markets
Jan 2026

NZX Indices PerformanceJan 2026Change YoYWholesale DataJan 2026Change YoY
S&P/NZX 50 Index (Gross)13,4233.3%Terminal numbers - professional6,1560.3%
S&P/NZX 50 Index (Capital)4,8560.2%Terminal numbers - retail1,0834.5%
S&P/NZX 50 Portfolio Index8,4635.6%Licences - value ≥ $20k p.a.835.1%
S&P/NZX NZ Fixed Interest Composite Index1334.8%Licences - value < $20k p.a.744.2%
S&P/NZX A-Grade Bond Index6,5445.3%
Direct Data ProductsJan 2026Change YoYDairy Data SubscriptionsJan 2026Change YoY
Proprietary security subscription products270-5.9%Dairy data subscriptions4317.7%
- products ≥ $3,000 p.a.90-5.3% - products ≥ $1,500 p.a. 1387.8%
- products < $3,000 p.a.180-6.3% - products < $1,500 p.a. 2937.7%
Jan 2026Change YoY
Total external funds under management$15,870 m15.2%
Scheme FUMJan 2026Change YoY
SuperLife Kiwisaver$2,909 m10.7%
Workplace Savings Master Trusts$3,204 m-5.1%
Smart Exchange Traded Funds - External$4,956 m32.5%
Smart Exchange Traded Funds - Total (external and internal)$6,842 m-17.1%
Other MetricsJan 2026Change YoY
Units on issue1,667 m-35.1%
Value of stock lent over month$137 m24.5%
Jan 2026Change YoY
Funds under administration$20,037 m21.9%
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