MOEX total trading volumes down 8% MoM in September

moex moscow exchange

Moscow Exchange (MOEX) just released its monthly market report for September and total trading volumes across its markets increased by 7.8% YoY to RUB 80.4 trln (however down 8% MoM).

Turnover grew on the Precious Metals Market (+25.4% YoY), Money Market (+25.4% YoY) and Equity Market (+8.1% YoY). FX turnover increased by 7.3% YoY in US dollar terms. The volume of CCP-cleared GCC repo transactions increased 29.6 times, in part thanks to the admission of non-financial corporates to the Money Market.

There were 21 trading days in September 2017 (22 trading days in September 2016).

Equity and Bond Market

Total trading volumes on the Equity and Bond Market were RUB 2,063.3 bln (September 2016: RUB 2,073.4 bln), hereinafter exclusive of short-term bonds.

Turnover in shares, RDRs and investment fund units increased by 8.1% YoY to RUB 767.4 bln (September 2016: RUB 710.2 bln). The average daily turnover was RUB 36.5 bln (September 2016: RUB 32.3 bln).

Turnover in corporate, regional and sovereign bonds was RUB 1,295.9 bln (September 2016: RUB 1,363.2 bln). The average daily trading volume (ADTV) was RUB 61.7 bln (September 2016: RUB 62.0 bln).

35 new bond issues with a combined value of RUB 1,192.3 bln (of which overnight bonds accounted for RUB 923.4) were placed in September.

Derivatives Market

Derivatives Market volumes amounted to RUB 7.3 trln (September 2016: RUB 9.7 trln). Of the total volume, options turnover was RUB 581.6 bln, up 21.8% YoY.

Open interest at the end of the month grew by 8.4% YoY to reach RUB 703.7 bln (September 2016: RUB 649.2 bln).

FX Market

FX Market turnover was RUB 26.4 trln (September 2016: RUB 27.6 trln), including spot trades totalling RUB 6.6 trln and swap trades and forwards together totalling RUB 19.9 trln. FX Market turnover in US dollar terms increased by 7.3% YoY to USD 458.2 bln (September 2016: USD 427.7 bln).

The FX Market`s ADTV was RUB 1,259.5 bln (USD 21.8 bln) compared to RUB 1,253.3 bln (USD 19.4 bln) in September 2016.

Money Market

Money Market turnover increased by 25.4% YoY to RUB 39.6 trln (September 2016: RUB 31.6 trln). ADTV was RUB 1,887.3 bln (September 2016: RUB 1,436.9 bln).

The volume of repo transactions with the CCP was RUB 21.2 trln (September 2016: RUB 17.3 trln).

The volume of CCP-cleared GCC repo transactions increased 29.6 times to RUB 829,8 bln.

Commodities Market

Total turnover in precious metals rose by 67.2% YoY to RUB 17.3 bln (September 2016: RUB 10.3 bln), of which RUB 17.3 bln (7.1t) was gold and RUB 5.1 mln (155kg) was silver.

The total trading volume of agricultural products (grain and sugar) was RUB 767.4 mln in September.

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MOEX total trading volumes down 8% MoM in September

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