Daily Market Report

Wednesday, 14 November 2001

NZFOE had its second busiest day since the inception of the Exchange in 1985, as a result of the Reserve Bank’s Monetary Policy statement. Volume for the day was 18,126 futures and 2400 options contracts with a face value of NZ $10.26 billion, which is significantly above the average daily volume for the year of 4,343 contracts per day.

The trading was predominately in the 90-Day Bank Bill Contracts with 17,996 lots.

The Dec-01 90 Day Bank Bill Futures Contract settled up 3 points at 9518 (4.82%). The Mar-02 90 Day Bank Bill Contract settled unchanged at 9527 (4.73%). The June-02 90 Day Bank Bill Contract settled unchanged at 9522 (4.78%) and the Sept-02 90 Day Bank Bill Contract settled up 1 point at 9506 (4.94%).

The Dec-01 Three Year Government Stock Futures Contract settled down 2 points at 9474 (5.26%) and the Dec-01 Ten Year Government Stock Futures Contract settled up 2 points at 9388 (6.12%).

The Dec-01 NZSE-10 Share Index Futures Contract settled down 4 points at 896.

ends