This January, $443m in capital was raised on the ASX. Last January, it was $2.8 billion
Only $443 million in capital was raised via the ASX for January 2019, the lowest monthly total in three years.
That was a 84 per cent fall on January 2018, when $2.8 billion was raised, and the lowest in a month since January 2016, when just $329 million was raised.
However, the 2019 financial year overall has been far rosier than 2018 — $62.2 billion had been raised by the end of January, up 31 per cent on the year before.
These figures came from the ASX’s monthly activity report.
The ASX says it admitted five new entities in January, but aside from much-hyped payments provider Splitit (ASX:SPT), its list of recent floats shows only two other entities have joined the official quotation, both trusts.
Six companies were delisted: Decimal Software, which was bought out by Sargon Capital, Spanish classifieds company Mitula Group, bought out by LIFULL, Tawana Resources, bought out by Alliance Mineral Assets (ASX:A40), UIL Energy, bought out by Strike Energy, Rawson Oil and Gas, which was removed when it became the subject of a takeover offer from Gina Rinehart-backed Lakes Oil, and Realm Resources, bought out by private company T2 Resources.
There were 26.5 million trades in January, up 17 per cent on the previous January, and there have been 18 per cent more trades in the 2019 financial year in total.
There were 8,062 announcements made, significant falls in price queries, continuous disclosure queries and aware letters from the ASX, 54 trading halts and 19 suspensions.
You can view the report here.