5232.0 - Australian National Accounts: Finance and Wealth, Mar 2020 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 25/06/2020   
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Financial market summary

Australian financial market


Outstanding at end
Transactions during
Other changes during
Outstanding at end
Dec Qtr 2019
Mar Qtr 2020
Mar Qtr 2020
Mar Qtr 2020
$b
$b
$b
$b

Currency and deposits
Currency
88.1
1.4
-
89.5
Transferable deposits
1 140.8
205.9
7.6
1 353.4
Other deposits
1 478.8
17.6
30.6
1 527.0
Short term debt securities
Bills of exchange
19.5
-1.4
-
18.1
One name paper
509.8
-4.5
20.9
526.3
Long term debt securities
Bonds, etc.
2 714.9
168.3
96.1
2 979.3
Derivatives
Derivatives
678.1
-38.5
612.0
1 251.6
Loans and placements
Short term
410.8
45.3
5.5
461.6
Long term
3 965.0
118.9
29.2
4 113.2
Shares and other equity
Listed
2 106.8
3.1
-521.3
1 588.6
Unlisted
5 048.0
-27.5
-321.9
4 707.5
Insurance technical reserves
Reserves of pension funds and life offices
2 790.2
11.1
-311.5
2 489.8
General insurance prepayments and reserves
130.3
1.0
-
131.3

- nil or rounded to zero (including null cells)


Strong contraction in the share market

The shares and other equity market contracted 12.0% in the March quarter. Listed shares and other equity fell 24.6% driven by valuation decreases due to significant falls in the domestic stock market. Unlisted shares and other equity also fell (-6.7%) due to valuation decreases as a result of poor economic conditions both on and offshore.

Graph 1. The listed shares and other equity market
Graph 1 shows The listed shares and other equity market

Other notable events in financial markets that occurred during the quarter include:
  • The deposits market increasing 10.0% with positive growth in both transferable deposits (18.7%) and other deposits (3.3%).
  • The bonds market having the largest growth (9,7%) since the height of the GFC in December quarter 2008 where growth was 14.6%.
  • The derivatives market increasing 84.6% due a depreciation of the Australian dollar against major overseas currencies.