Moscow Exchange (MOEX) has just released its market report for the month of August 2018.
Total trading volume across Moscow Exchange’s markets was RUB 79.5 trln last month.
Turnover grew on the Derivatives Market (+15.1%), Equity Market (+10.9%), Bond Market (+8.9%) and FX Market (+3.1%).
Equity and Bond Market
Total trading volumes on the Equity and Bond Market in August 2018 increased by 9.6% to RUB 2,687.3 bln (August 2017: RUB 2,452.3 bln), hereinafter exclusive of overnight bonds.
Turnover in shares, RDRs and investment fund units rose by 10.9% and amounted to RUB 897.1 bln (August 2017: RUB 808.8 bln). The average daily turnover was RUB 39.0 bln (August 2017: RUB 35.2 bln).
Turnover in corporate, regional and sovereign bonds grew by 8.9% to RUB 1,790.2 bln (August 2017: RUB 1,643.4 bln). The average daily trading volume (ADTV) was RUB 77.8 bln (August 2017: RUB 71.5 bln).
49 new bond issues with a combined value of RUB 2,034.2 bln (of which overnight bonds accounted for RUB 1,005.7 bln) were placed in August 2018.
Derivatives Market volumes grew by 15.1% to RUB 8.4 trln (August 2017: RUB 7.3 trln) or 134.5 mln contracts (August 2017: 142.1 mln), of which 128.3 mln contracts were futures and 6.2 mln contracts were options. ADTV was RUB 363.8 bln (August 2017: RUB 315.4 bln).
Open interest at the end of the month reached RUB 636.3 bln (August 2017: RUB 944.2 bln).
FX Market turnover added 3.1% to reach RUB 31.4 trln (August 2017: RUB 30.4 trln, July 2018 – RUB 32.5 trln), including spot trades surging by 40.3% to RUB 9.0 trln and swap trades and forwards together totaling RUB 22.3 trln.
The FX Market’s ADTV was RUB 1,363.4 bln (USD 20.7 bln), compared to RUB 1,322.1 bln (USD 22.2 bln) in August 2017.
Money Market turnover totaled RUB 34.9 trln (August 2017: RUB 43.0 trln). ADTV was RUB 1,515.3 bln (August 2017: RUB 1,869.0 bln).
Total repo transaction volume cleared by the CCP increased by 2.5% to RUB 19.3 trln. The CCP-cleared GCC repo segment surged almost tenfold to RUB 3.5 trln; deposits with the CCP advanced more than tenfold to RUB 2.2 trln. Direct repo with the Bank of Russia totaled RUB 90 bln (August 2017: RUB 14.4 trln).
Total turnover in precious metals (spot and swaps) amounted to RUB 12.2 bln (August 2017: RUB 18.2 bln), of which RUB 12.1 bln (4.8 t) was gold and RUB 17.2 mln (540.3 kg) was silver. The gold spot turnover was RUB 2.4 bln (August 2017: RUB 0.4 bln). ADTV of the precious metals market was RUB 528.8 mln (August 2017: RUB 791.9 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).