ASX Shows Uneven Performance in November 2015, Futures Again Rise

Thursday, 03/12/2015 | 10:58 GMT by Jeff Patterson
  • The ASX raised a total of just $7.9 billion in total capital during November 2015, compared to $11.8 billion in October, or -33.1% MoM.
ASX Shows Uneven Performance in November 2015, Futures Again Rise
Photo: Bloomberg

The Australian Securities Exchange (ASX) has released its monthly activity report for November 2015, which witnessed a marked decline in capital across a number of key benchmarks and indices, according to an ASX statement.

For the month ending November 2015, the value of ASX-listed stocks, as measured by the global All Ordinaries Index, incurred a -1.3% decline – this performance underperformed against several other leading market blocs, especially when weighed against Germany (4.9%), Japan (3.5%) and the United States (0.1%) – however, the ASX outperformed Singapore (-4.7) and Hong Kong (-2.8%).

Despite this the ASX did not suffer from waning Volatility , as the figure actually rose. This did not correlate to capital gains. Indeed, volatility rose to 0.8%, as calculated by the All Ordinaries Index, up from 0.7% in October 2015.

In terms of market specifics, the ASX raised a total of just $7.9 billion in total capital during November 2015, compared to $11.8 billion just one month prior in October, or -33.1% MoM. Across its initial capital raise, the exchange managed to raise $1,158 million during the month, down -85.9% YoY from $8,222 million in November 2014.

The total value of cash markets for the ASX during November 2015 was $98.8 billion, up 22.6% YoY from $80.6 billion in November 2014. Furthermore, its average daily value on-market came in at $4.04 billion in November 2015, up 14.4% YoY from $3.53 billion in November 2014.

One area where the ASX performed better than in 2014 was in the area of future contracts. Indeed, the ASX saw a total of 9.4 million futures contracts traded during November 2015, up 36.2% YoY from 6.9 million contracts in November 2014. Finally, the notional value of over-the-counter (OTC) interest rate derivative contracts centrally cleared during November 2015 was $187.5 billion, down -9.2% MoM from $206.5 billion in October 2015.

The Australian Securities Exchange (ASX) has released its monthly activity report for November 2015, which witnessed a marked decline in capital across a number of key benchmarks and indices, according to an ASX statement.

For the month ending November 2015, the value of ASX-listed stocks, as measured by the global All Ordinaries Index, incurred a -1.3% decline – this performance underperformed against several other leading market blocs, especially when weighed against Germany (4.9%), Japan (3.5%) and the United States (0.1%) – however, the ASX outperformed Singapore (-4.7) and Hong Kong (-2.8%).

Despite this the ASX did not suffer from waning Volatility , as the figure actually rose. This did not correlate to capital gains. Indeed, volatility rose to 0.8%, as calculated by the All Ordinaries Index, up from 0.7% in October 2015.

In terms of market specifics, the ASX raised a total of just $7.9 billion in total capital during November 2015, compared to $11.8 billion just one month prior in October, or -33.1% MoM. Across its initial capital raise, the exchange managed to raise $1,158 million during the month, down -85.9% YoY from $8,222 million in November 2014.

The total value of cash markets for the ASX during November 2015 was $98.8 billion, up 22.6% YoY from $80.6 billion in November 2014. Furthermore, its average daily value on-market came in at $4.04 billion in November 2015, up 14.4% YoY from $3.53 billion in November 2014.

One area where the ASX performed better than in 2014 was in the area of future contracts. Indeed, the ASX saw a total of 9.4 million futures contracts traded during November 2015, up 36.2% YoY from 6.9 million contracts in November 2014. Finally, the notional value of over-the-counter (OTC) interest rate derivative contracts centrally cleared during November 2015 was $187.5 billion, down -9.2% MoM from $206.5 billion in October 2015.

About the Author: Jeff Patterson
Jeff Patterson
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About the Author: Jeff Patterson
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