Irish Stock Exchange reports strong growth in trading volumes in H1 2014Tuesday 15 July 2014 12.12
Strong demand for Irish shares during 2013 continued into the first half of 2014, according to new statistics published by the Irish Stock Exchange (ISE).
The number of trades dealt on the ISE stood at 2.2 million for the first half of the year, an increase of 32% on the same period in 2013.
The total value of equity trades in H1 was €31.8 billion, an increase of 7% on the €29.8 billion recorded in H1 2013. The average daily turnover for equities stood at €256m per day during the first half of 2014, a 7% increase on the same period last year.
The first six months of 2014 saw the trend of new listings on the ISE continue with the addition of Dalata Hotel Group and Mainstay Medical to the Enterprise Securities Market and a third REIT, Irish Residential Properties REIT being admitted to the Main Securities Market. These listings collectively raised €865m.
A total of €980m was raised by all companies quoted on the ISE during H1.
More than 23,500 debt instruments listed at end H1, up 8% so far in 2014 The total number of debt tranches listed on the ISE stood at 23,504 at the end of H1 2014, an increase of 8% so far this year. The ISE now counts debt listings from 80 countries across the globe including Europe, the USA, Latin America, the Middle East and Africa.
The number of funds and sub-funds listed on the ISE fell slightly during H1, with the total number of funds standing at 763 at the end of June and the number of sub-funds at 1,495.
The ISEQ Overall index increased by 3.5% to 4,700 during the first half of 2014. This compares with a decrease of 0.1% in the FTSE 100 and gains of 2.9% in the DAX, 3.0% in the CAC 40 and 5.5% in the NASDAQ.