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Futures Daily Market Report 14/3/01

Daily Market Report

Wednesday, 14 March 2001

NZFOE had its second busiest day of the year as a result of the Reserve Bank’s OCR statement. Volume for the day was 14,227 futures contracts traded with a face value of NZ$7.11 billion which is significantly above the average daily volume for the year of approximately 3,900 contracts per day.

The Mar-01 90 Day Bank Bill Contract settled up 10 points at 9381 (6.19%). The June-01 90 Day Bank Bill Contract settled up 15 points at 9424 (5.76%) and the Sept-01 90 Day Bank Bill Contract settled up 12 points at 9443 (5.57%). The Dec-01 90 Day Bank Bill Contract settled up 13 points at 9439 (5.61%).

The Mar-01 Three Year Government Stock Futures Contract settled unchanged at 9436 (5.64%) and the Mar-01 Ten Year Government Stock Futures Contract settled down 4 points at 9410 (5.90%).

The March-01 NZSE-10 Share Index Futures Contract settled up 8 points at 930.

The March-01 Electricity Futures Contract closed at $41.00 M/wh.

ends

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