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Subject overview


100% online




1 Jul 2024


12 weeks



This subject focuses on the structure, functions and operations of the securities market in New Zealand (the New Zealand Exchange, or NZX). It includes discussion on the roles of the NZX and its participants, as well as their interrelationship with global financial markets and the subsequent impact on NZX investors. The subject also discusses elementary portfolio construction, processes used in evaluating securities, and the variables that impact on their pricing. Individuals will apply their knowledge via New Zealand-based case studies and scenarios so that they may gain a ‘real-world’ perspective.


Subject information

Learning outcomes

On successful completion of this subject, individuals should be able to:

  • Outline the structure, organisation and roles of the NZX and its participants.
  • Discuss the types of stock market products and the way companies use the stock market to raise
    funds on the NZX.
  • Discuss how securities are traded and settled in the NZX and the most common corporate actions.
  • Apply pricing and valuation methods for equity and debt market securities and assess the investment

Topics covered

  1. The New Zealand Stockmarket – an overview
  2. NZX market participants and share registries
  3. Raising funds on the stockmarket
  4. Stockmarket products
  5. Settlement and registration of stockmarket transactions
  6. Corporate actions
  7. Stockmarket investing
  8. Factors affecting securities prices

Reading list

There is no prescribed text for this subject.

Individuals are provided with key readings and access to Kaplan Professional’s online databases. Individuals are encouraged to research and read widely on the topic.

Reading list


Assessment TypeAssessedWeighting
TaskWeek 420%
AssignmentWeek 740%
ExamWeek 1240%

Previous study requirements

Assumed knowledge

Not applicable.

Course transition subject equivalence

Individuals may not be required to complete this subject if they have transitioned from a SIA/Finsia/Kaplan Professional course and have completed the following subjects:

  • there are no equivalences for this subject.

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