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.
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.