NZX powers ahead

The relative dearth of listings has not stood in the way of NZX, the company, which has enjoyed a strong run in both its financial performance and its share price over the third quarter, despite Covid19 headwinds.

Both cash valued traded and total capital raised during the quarter exceeded NZX’s targets for the full year, which were set out in February 2020.

Brokers Forsyth Barr said it had marginally increased its fullyear 2020 ebitda forecast to $NZ33.2 million against the company’s guidance of $30 million–$33.5 million.

‘‘We remain positive on the company’s outlook, with NZX well placed to benefit from either bull or bear market scenario given its exposure to global equities through its funds under management business, and secondary markets set to benefit from future periods of high volatility,’’ it said in a research note.