Bank branch lists at Newcastle

Ettalong Beach Financial Services which owns the Ettalong franchise of the Bendigo Bank is one of 29 companies listed on the Bendigo Stock Exchange (BSX) that have been migrated to the National Stock Exchange of Australia (NSX) in Newcastle.

The NSX announced the addition of 29 companies to the NSX market on Tuesday, January 3, taking the total number of securities listed to 120.

The migration represents the winding down of the BSX market and the continued expansion of NSX as Australia's second largest listing stock exchange.

NSX acquired the BSX in 2005 where the BSX listed companies had remained until the migration.

Moving to the NSX would provide the companies with a larger and more prominent market with more connected brokers and investors, said National Stock Exchange CEO Emlyn Scott.

Only a small number of companies decided to delist.

Mr Scott said: "We are very pleased that most of BSX companies will be migrating to NSX and that two-thirds have decided to move at the first migration date."

"The migrating BSX companies will enjoy more prominence and investor interest being listed on the NSX.

"They are joining a growing list of companies realising the benefits and attractiveness of an NSX listing."

Website, 3 Jan 2012 BSX