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Moscow Exchange (MOEX) just released its monthly market report for October and showed good results despite the 14% MoM drop in total trading volume.
Total trading volume across MOEX`s markets in October was RUB 69.4 trln or minus 14% compared to previous month.
The Bond Market posted the strongest volume growth (+68%). Turnover also grew on the Equity Market (+6.4%) and FX Market (+5.6%). Options turnover rose by 31.7%; commodities futures contracts volume increased by 19%.
Equity and Bond Market
Total trading volumes on the Equity and Bond Market rose by 44.6% to RUB 2,401.8 bln (October 2016: RUB 1,661.2 bln), hereinafter exclusive of short-term bonds.
Turnover in shares, RDRs and investment fund units increased by 6.4% YoY to RUB 673.2 bln (October 2016: RUB 632.6 bln). The average daily turnover was RUB 30.6 bln (October 2016: RUB 30.1 bln).
Turnover in corporate, regional and sovereign bonds soared by 68% to RUB 1,728.7 bln (October 2016: RUB 1,028.6 bln). The average daily trading volume (ADTV) was RUB 78.6 bln (October 2016: RUB 49.0 bln).
49 new bond issues with a combined value of RUB 1,383.6 bln (of which overnight bonds accounted for RUB 706.0) were placed in October.
Derivatives Market volumes amounted to RUB 6.5 trln (October 2016: RUB 7.2 trln). Of the total volume, options turnover was RUB 540 bln, up 31.7% YoY.
Open interest at the end of the month reached RUB 861.0 bln (October 2016: RUB 728.4 bln).
FX Market turnover was RUB 27.3 trln (October 2016: RUB 25.9 trln), including spot trades totalling RUB 6.2 trln and swap trades and forwards together totalling RUB 21.2 trln. FX Market turnover in US dollar terms increased by 14.6% YoY to USD 473.6 bln (October 2016: USD 413.1 bln).
The FX Market`s ADTV was RUB 1,242.2 bln (USD 21.5 bln) compared to RUB 1,223.0 bln (USD 19.7 bln) in October 2016.
Money Market turnover totaled RUB 30.9 trln (October 2016: RUB 31.8 trln). ADTV was RUB 1.4 trln bln (October 2016: RUB 1.5 trln).
The volume of repo transactions with the CCP was RUB 19.4 trln (October 2016: RUB 18.6 trln).
The volume of CCP-cleared GCC repo transactions increased 34.5 times to RUB 1 trln.
Total turnover in precious metals amounted to RUB 8.4 bln (October 2016: RUB 10.17 bln), of which RUB 8.4 bln (3.5 t) was gold and RUB 3.21 mln (101.9 kg) was silver.
The total trading volume of agricultural products (grain and sugar) was RUB 880.3 mln in October.