Japan’s JPX Reports Weak Trading Volumes in January 2017

JPX reported an average daily volume (ADV) for the Tokyo Stock Exchange ‎of JPY 2.824 trillion ($24.87 billion).

The Japan Exchange Group (JPX), which operates multiple securities exchanges including the Tokyo Stock Exchange and the Osaka Securities Exchange, has reported its monthly ‎trading volumes for January 2017, which took a step back, ultimately paring the previous ‎month’s gains.

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During the month of January 2017, the JPX reported an average daily volume (ADV) for the Tokyo Stock Exchange ‎of JPY 2.824 trillion ($24.87 billion), which represents a move lower over a monthly timeframe, as volumes incurred a ‎fall of -18.8% MoM compared to December 2016’s figures. In addition, the latest metrics constitute a drop of -10.5 percent YoY in terms of volumes from January 2016 which came in at JPY 3.155 trillion ($27.79 billion).‎

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The weak figures were primarily driven by a drop in trading activity, having reported a figure of 47.547 billion shares, compared to 60.0 billion shares in December 2016 or -21.2% MoM. Across a yearly interval, the latest figures also reflect a -19.1 percent decrease from 58.75 billion contracts in January 2016.

In terms of exchange-traded-funds (ETFs), the monthly trading value at the JPX yielded a figure of JPY 3.841 trillion ($33.83 billion) in January 2017, which amounts to a -9.6% MoM decrease from JPY 4.27 trillion ($37.6 billion) in December 2016. Volumes also experienced a strong loss compared to a year earlier, dropping to 784 million shares in January 2017 from 1,219 million in December 2016.

The JPX also saw a weak monthly performance across its derivatives trading, corresponding to a total trading volume of 25.857 million contracts in January 2017. The figure retreated -37.9% YoY from 41.66 million contracts in December 2016.

Moreover, total derivatives trading at the JPX registered a value of JPY 158.325 trillion ($1.39 trillion) in January 2017, which correlates to a decline of -30.4% YoY from JPY 227 trillion ($1.99 trillion) in January 2016.

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