The value of Australia Securities Exchange (ASX)-listed stocks, as measured by the All Ordinaries Index, fell 0.1% in September 2016. This performance was in contrast to some major markets, including the UK up 1.7%, Singapore up 1.7% and Hong Kong up 1.4%.
Declines were also observed in Japan down 2.6%, Germany down 0.8% and the US down 0.1%.
Volatility measures for the Australian equity market increased during September:
- Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.6% in September, up on the previous month (0.4%).
- Expected future volatility (as measured by the S&P/ASX 200 VIX) rose in September to an average of 14.4 (compared to 13.2 in August).
Listings and capital raisings
- In September 2016, total capital raised was $3.3 billion, down 66% on the previous corresponding period (pcp).
TRADING – CASH MARKETS (INCLUDING EQUITIES, INTEREST RATE AND WARRANTS TRADES)
- In September 2016, the average daily number of trades was 16% higher than the pcp. The average daily value traded on-market of $4.3 billion was 2% lower than the pcp.
TRADING – FUTURES
- In September 2016, average daily futures and options on futures volumes were up 20% on the pcp. Average daily futures volume was up 20% and average daily options volume was down 25% on the pcp.
CLEARING – OTC MARKETS
- In September 2016, the notional value of OTC interest rate derivative contracts centrally cleared was $446.5 billion, compared to $61.9 billion in the pcp.
TRADING – EQUITY OPTIONS
- In September 2016, the average daily number of exchange-traded options decreased 15% on the pcp. Single stock options average daily contracts traded were down 14% on the pcp and index options average daily contracts traded were down 16% on the pcp.
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