Sunday 22 September 2019

Irish Stock Exchange surge hits 34,200 market listings

Irish Stock Exchange chief executive Deirdre Somers
Irish Stock Exchange chief executive Deirdre Somers

Michael Cogley

Trading in Irish shares rose by 29pc year-on-year at the end of Q3 in 2015 while an additional 5,429 new debt securities were added to the Irish Stock Exchange (ISE) in the first nine months of the year.

The ISEQ, which is headed by chief executive officer, Deirdre Somers, is up 18pc in the first nine months of the year.

And the stock exchange is reporting strong activity in government bonds and treasury bills.

According to the latest figures from the ISE, there are 34,200 securities from 80 countries listed on its markets.

Among the new debt instruments listed during Q3 were a €70m debt security from FBD, a €300m debt security from Beijing Energy Investment Holdings and a £400m debt listing from Kraft Heinz.

As well as the Chinese state-owned investment business Beijing Energy and US food company Kraft Heinz, DirecTV, the US entertainment group, listed three new securities valued at £750m, £350m and €500m.

Mexico's federal electricity commission listed a debt instrument of $575m while Italian airline, Alitalia, listed a €375m security.

The pension arm of Denmark's Danske Bank, Danica Pension, listed a €500m bond.

A total of 1,082 additional new fund classes were admitted in the first three quarters of the year bringing the number of funds on the main securities market up to 7,503, up from 2014's year end of 7,367.

Irish share trading continued strongly in the quarter to September with over 1.4m equity trades being executed on the ISE's electronic trading platform.

Q3's equity traders brings the total amount of trades so far this year up to four million, up 22pc on the first three quarters of 2014.

There was a turnover of €19.7bn in Q3 which brought the overall turnover of the year so far up to €64bn, which is up 29pc when compared with the same period last year.

Turnover on Irish government bonds and treasury bills was in excess of €40.9bn in Q3, bringing the year's total so far up to €201bn, 10pc more than in the same period last year.

Market capitalisation of Irish government securities is €118.8bn and the number of trades rose by 21.6pc in the first three quarters to 53,000.

The ISEQ Overall Index reached 6,167 at the end of September, which is an 18pc gain on the first nine months of last year.

Irish Independent

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