ASX’s November Volumes Pointed Higher, Capital Raised Drops MoM

The ASX’s stock value in November rose nearly 2.0%.

The Australian Securities Exchange (ASX) has just reported its monthly activity report for November 2016, having revered a tepid decline incurred last month. The recent metrics are reflective of a global trend that witnessed growing trading volumes due to a November election in the United States.

For the month ending November 2016, the value of ASX-listed stocks, as measured by the global All Ordinaries Index, rose 1.9% MoM from October 2016 – the figure also compared to a declining expected future volatility reading of 15.2 in November 2016, up from 14.4 in October 2016, suggesting a more volatile month of trading.

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Moreover, the ASX’s stock value in November rose nearly 2.0% and was outperformed relative to many other regional exchanges and market blocs, especially when weighed against leaders such as Japan (5.1%), the United States (3.4%), and Singapore (3.2%).

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Metrics Breakdown

Moving to market specifics in November 2016, the ASX also managed to raise $5.5 billion in total capital during the month, which was lower by -15.4% MoM from $6.5 billion in October 2016. However, across its initial capital raise, the exchange also managed to raise $3.7 billion during the month of November 2016, reflecting a strong 68.2% MoM growth from $2.2 billion in October 2016.

By extension, the total value of cash markets for the ASX during November 2016 was $116.1 billion, up 24.6% MoM from $93.2 billion in October 2016 – in addition to this positive result, the ASX also reported a positive performance in its average daily value on-market, yielding a figure of $4.7 billion in November 2016, up approximately 23.7% MoM from $3.8 billion in October 2016.

The ASX also disclosed its futures trading statistics during November 2016, yielding a total of 11.8 million futures contracts traded during the month, or 6.3% MoM from 11.1 million contracts in October 2016. Average daily contracts were also trending higher at 529,927 in November 2016, vs. just 528,137 contracts in October 2016, nearly unchanged MoM.

Finally, the notional value of over-the-counter (OTC) interest rate derivative contracts centrally cleared during November 2016 was $445.0, against $323.9 billion back in October 2016 – this justified a healthy growth of 37.4% MoM.

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