ISEQ one of the top performing indices in 2012
- ISEQ equity indices enjoy buoyant returns ranging from 16% to 37% in 2012
- 2.4m equity trades in 2012 are the second highest on record at the ISE
- Year on year turnover in Irish equities up 4.7%
- Irish Government raises €11.7bn in international bond markets during 2012
ISEQ equity indices enjoyed buoyant returns and were one of the top performing indices in 2012, according to the Irish Stock Exchange’s quarterly statistics, published today.
Continuing their positive run into Q4 2012, the eight benchmark ISEQ equity indices all showed returns of more than 16% in 2012. A comparison of the ISEQ Overall index which grew by 17.1% in 2012 to 3,397 shows the ISEQ was one of the top performing indices in Europe and outperformed other major equity indices in 2012 such as the FTSE100 (5.8%), the S&P500 (13.4%), the NYSE US100 (11.2%) and the Eurozone benchmark index, the FTSE E300 (13.2%).
The smaller to mid-sized companies sector performed very strongly, with the ESM index, the benchmark for the Enterprise Securities Market, delivering a return of 27.6% in 2012 and the small cap index registering 18.1% growth. The financial index rose by 37.2% over the year.
2.4m equity trades in 2012 are the second highest on record at the ISE
With equity trades of 2.42m during 2012, trades in shares quoted on the ISE were at their second highest level ever recorded on the Irish market [2008: 2.52m trades]. The ISE has now recorded in its fifth consecutive year of over 2m trades.
Year on year turnover in Irish equities up 4.7%
Turnover in Irish shares was up by 14% in the last quarter in the year with equity turnover of €37.3bn in 2012 [2011: €35.7bn] showing year on year growth of 4.7%. This positive growth compares very favourably with other exchanges across the EU and North America, many of which experienced a drop in the value of electronic trading in 2012.
Majority of ISEQ bond indices deliver double digit growth in 2012
All ISEQ bond indices rose in 2012 continuing on from their strong performance of 2011. Five of the six indices delivered double digit growth with four showing exceptional returns of more than 20%. The best performing bond indices of 2011, the longer term 5 Plus ISEQ Bond index and the 10 Plus ISEQ Bond index, maintained their overall rankings by showing increases of 28% and 29.3% for 2012 respectively.
Despite a fall in numbers of trades over the year, turnover in Irish Government bonds and Treasury bills rose by 2.8% in 2012 to €67.1 billion [2011: €65.2bn]. In addition, the primary dealer network for Government Bonds expanded with the addition of Morgan Stanley as a member firm of the ISE in Q4.
Irish Government raises €11.7bn in international bond markets in 2012
Following its decision to re-engage with international bond markets in 2012, the Irish Government, via the NTMA, has successfully raised over €11.7bn in Irish Government bonds and Treasury bills in 2012 [2011: nil].
Debt and fund listings
The last quarter of 2012 showed an upsurge in bond and fund listings, with 674 debt tranches admitted to listing on the ISE in Q4 2012 [Q3 2012: 472], an increase of 43% on the previous quarter. New fund securities admitted to the ISE’s markets also rose, with 428 classes joining the ISE’s Main Securities Market, during the last quarter [Q3 2012: 314].
At the end of 2012, the number of funds and sub funds listed on the ISE was 2,579 [end 2011: 2,893] and tranches of debt securities amounted to 20,286 [end 2011: 21,142].
If AIB and Permanent TSB are excluded from the calculations, the market capitalisation of companies included in the ISEQ indices would have risen by 18.1% in 2012 to €59.74 billion at the end of the year, an increase of 2.5% in the last quarter of the year.
- Q4 2012 ISE Market Statistics (36 KB)