ISEQ records gain of 10% in Q1 2014

  •  1.1m equity trades in the first quarter of 2014 – an increase of 43% on Q1 2013
  • €284m raised in Q1 as influx of new equity listings continues with Dalata IPO
  • More than 22,000 debt instruments listed at end Q1 – up 3% so far in 2014

 ISEQ gains 10% in Q1 2014

Irish Stock Exchange (ISE) statistics released today show the ISEQ Overall index had a strong start to 2014, increasing by 10%. This follows a 34% increase in the ISEQ for the year ended December 2013.

A comparison with other indices shows the ISEQ was among the strongest-performing indices in Europe in Q1. The ISEQ’s 10% gain compares with a 2.2% decline in the FTSE 100, no change in the DAX and a 2.2% gain by the CAC. 

The ISEQ also outperformed the leading US indices, the S&P 500 [1.3% gain] and NASDAQ [0.5% gain] over the quarter. It was also ahead of the 1.3% increase recorded by the FTSE E300 and the 1.8% gain registered by the STOXX600.

1.1m equity trades in Q1 – 43% more than Q1 2013 [the highest ever recorded in any quarter]

The strong demand for Irish shares during 2013 continued into Q1 2014. The number of trades dealt on the ISE stood at 1.1m for the first quarter – an increase of 43% on the same quarter in 2013.

Equity turnover also increased strongly. The total value of equity trades in Q1 was €17.9bn, an increase of 25% on the €14.3bn recorded in Q1 2013. The average daily turnover for equities stood at €283m per day in Q1 2014 – up 23% on the same period last year.

As turnover is linked to the value of shares, the increase in the values traded reflects a general pattern of strong growth in the share prices of many ISE-listed companies. It also reflects strong liquidity in the Irish market, which benefits from access to both domestic and international investors and is enhanced by 38 of the ISE’s 47 trading members being based outside Ireland.

€284m raised in Q1 as Dalata becomes 6th company to list on the ISE since March 2013

Q1 2014 saw the trend of new listings on the ISE continue with the addition of Dalata Holdings plc to the Enterprise Securities Market (ESM) in March, raising €265m. Dalata’s IPO followed new listings in 2013 by Hibernia REIT, Green REIT, Mincon, GameAccount Network and Falcon Oil and Gas.

A total of €284m was raised by companies listed on the ISE during Q1.  

More than 22,000 debt instruments listed at end Q1 – up 3% so far in 2014

The total number of debt tranches listed on the ISE at the end of 2013 grew by 3% to 22,453 at the end of the first quarter. The ISE now counts debt listings from 75 countries across the globe including Europe, the USA, Latin America, the Middle East and Africa.

The number of funds and subfunds listed on the ISE remained on a par with the previous quarter. The total number of funds listed on the ISE stood at 792 at the end of March, while the number of subfunds stood at 1,535.

Additional listing activity was evident across all debt product types in Q1, with the ISE attracting debt listings from major issuers such as:

  • Discovery Communications LLC, a US-based issuer whose media interests include the Discovery Channel;
  • Financial services issuers including the Abu Dhabi Commerical Bank, HSBC France, Sweden’s Swedbank, Italian bank Mediobanca, and Canadian-headquartered Caisse Centrale Desjardins du Quebec.
  •  Q1 2014 ISE Market Statistics (70 KB) 

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