The Australian Securities Exchange (ASX) has just released its monthly activity report for October 2016, which was again characterized by mostly uneven figures – the metrics were reflective of a declining volatility which permeated the broader global marketplace, according to an ASX statement.
For the month ending October 2016, the value of ASX-listed stocks, as measured by the global All Ordinaries Index, fell -2.2% MoM from September 2016 – the figure also corresponded to a declining expected future volatility reading of 14.1 in October 2016, down from 14.4 in September 2016, suggesting a less volatile month of trading.
Furthermore, the ASX’s stock value in October fell -2.2% and was outperformed relative to many other regional exchanges and market blocs, especially when weighed against leaders such as Germany (1.5%), Japan (5.9%), UK (0.8%), the United States (-1.9%) and Hong Hong, which fell -1.6% during October 2016.
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Moving to market specifics in October 2016, the ASX also managed to raise $6.5 billion in total capital during the month, which was higher by -91.2% MoM from $3.4 billion in September 2016. However, across its initial capital raise, the exchange also managed to raise $2.2 billion during the month of October 2016, reflecting a strong MoM growth.
By extension, the total value of cash markets for the ASX during October 2016 was $93.2 billion, down -14.4% YoY from $108.9 billion in September 2015 – in addition to this negative result, the ASX also reported a decline in its average daily value on-market, yielding a figure of $3.8 billion in October 2016, down approximately -10.6% MoM from $4.3 billion in September 2016.
The ASX also disclosed its futures trading statistics during October 2016, yielding a total of 11.1 million futures contracts traded during the month, falling -28.8% MoM from 15.6 million contracts in September 2016. Average daily contracts were however trending lower at 528,137 in October 2016, vs. just 707,024 contracts in September 2015, or -25.3% lower MoM.
Finally, the notional value of over-the-counter (OTC) interest rate derivative contracts centrally cleared during October 2016 was $323.9 billion, against $299.6 billion back in September 2016 – this justified a healthy growth of 8.0% MoM.