Forum Archive Index - October 2000

[Brian Gale <brigale@i4free.co.nz>]

The recently released report of the ASX for the 1999/2000 year discloses a 
record level of equities traded with the daily average increasing by 68% 
with a new daily record of 101,428 trades.

A record number of retail investors is said to be partially responsible for 
the increase. The level of private investment is stated to total 53.7% 
of  adults with 40% in direct investment.

So the OZ market is booming, whilst our own market languishes. I think 
there is little doubt that until the time comes when the two exchanges 
amalgamate we have little to look forward to.

The merger has been muted for some time (18 months) and it must happen the 
question is when ?

  IMO it won't happen until the ASX have sorted out their main partners in 
the future global tie-ups and there are several theories on this,  not the 
least being  the importance of the growing SSX

For NZ to be part of  a global exchange would be advantageous in numerous 
ways and could be a vital factor in future economic recovery. We must just 
hope the negotiations speed up.

BG


  


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