The value of ASX-listed stocks, as measured by the All Ordinaries Index, rose 3.9% in December 2016. This performance was lower than some major markets, including Germany up 7.9%, the UK up 5.3%, and Japan up 4.4% but stronger than the US up 1.8%. Declines were observed in Hong Kong down 3.5% and Singapore down 0.8%.
Volatility measures for the Australian equity market decreased during December:
• Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.6% in December, down on the previous month (0.7%).
• Expected future volatility (as measured by the S&P/ASX 200 VIX) fell in December to an average of 11.9 (compared to 15.2 in November).
LISTINGS AND CAPITAL RAISINGS
• In December 2016, total capital raised was $6.5 billion, down 25% on the previous corresponding period (pcp).
• In calendar year 2016, 133 new listed entities listed, compared to 126 in calendar year 2015. Total capital raised in calendar year 2016 totalled $60.9 billion, compared to $104.9 billion in calendar year 2015.
ASX advises that Marcin Firek has resigned as a Company Secretary of ASX Limited effective today.
Amanda Harkness and Daniel Csillag continue as the persons nominated under Listing Rule 12.6 for communication with ASIC with regard to Listing Rule matters.