MOEX FX Market turnover up 3% YoY in May

Moscow Exchange (MOEX) has just released its market report for the month of May 2018. Total trading volume across Moscow Exchange’s markets was RUB 71.1 trln.

The key growth drivers were the Bond Market (+39.9%) and Equity Market (+8.3%). Turnover also grew on the FX Market (+3.1%), Derivatives Market (+3.1%) and Money Market (+2.4%).

Equity and Bond Market

Total trading volumes on the Equity and Bond Market increased by 27.9% to RUB 2,489.3 bln (May 2017: RUB 1,945.9 bln), hereinafter exclusive of short-term bonds.

Turnover in shares, RDRs and investment fund units rose by 8.3% to RUB 798.0 bln (May 2017: RUB 737.0 bln). The average daily turnover was RUB 38.0 bln (May 2017: RUB 36.8 bln).

Turnover in corporate, regional and sovereign bonds increased by 39.9% to RUB 1,691.3 bln (May 2017: RUB 1,209.0 bln). The average daily trading volume (ADTV) was RUB 80.5 bln (May 2017: RUB 60.4 bln).

49 new bond issues with a combined value of RUB 1,541.4 bln (of which overnight bonds accounted for RUB 670.4 bln) were placed in May.

Derivatives Market

Derivatives Market volumes added 3.1% and amounted to RUB 6.7 trln (May 2017: RUB 6.5 trln) or 111.0 mln contracts (May 2017: 125.1 mln), of which 105.6 mln contracts were futures and 5.4 mln contracts were options. ADTV was RUB 320.8 bln (May 2017: RUB 326.8 bln).

Open interest at the end of the month reached RUB 705.7 bln (May 2017: RUB 805.1 bln).

FX Market

FX Market turnover increased by 3.1% to RUB 30.2 trln (May 2017: RUB 29.3 trln), including spot trades totalling RUB 6.7 trln (+18.1%) and swap trades and forwards together totalling RUB 22.7 trln (-1.0%).

The FX Market`s ADTV was RUB 1,440.2 bln (USD 23.1 bln) compared to RUB 1,466.0 bln (USD 25.7 bln) in May 2017.

Money Market

Money Market turnover increased by 2.4% to RUB 30.4 trln (May 2017: RUB 29.7 trln). ADTV was RUB 1,449.8 bln (May 2017: RUB 1,486.3 bln).

Commodities Market

Total turnover in precious metals (spot and swaps) amounted to RUB 8.3 bln (May 2017: RUB 8.2 bln), of which RUB 8.3 bln (3.2 t) was gold and RUB 26.1 mln (787.3 kg) was silver. The gold spot turnover was RUB 0.9 bln (May 2017: RUB 0.2 bln). ADTV of the precious metals market was RUB 396.5 mln (May 2017: RUB 411.5 mln).

The total trading volume of agricultural products (grain and sugar) was RUB 3.1 bln. ADTV was RUB 148.9 mln (May 2017: RUB 16 mln).

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