Euronext Dublin Sees MoM Decrease in Securities Trading

Friday, 11/05/2018 | 07:41 GMT by David Kimberley
  • The Irish exchange also saw an increase in government bonds trading in April
Euronext Dublin Sees MoM Decrease in Securities Trading
Finance Magnates

Euronext Dublin released its monthly report for April 2018 this Friday. The Stock Exchange , which recently rebranded having been known as the Irish Stock Exchange, saw substantial decreases in monthly turnover in the securities and bond markets.

While March 2018 saw the Exchange finishing the month with €8.50 billion ($10.12 billion) in securities trading turnover, this was down to €7.20 billion ($8.57 billion) at the end of April. This was a 15 percent month on month reduction.

The reduction in overall trading revenues reflected a downturn in average daily trading. In March traders averaged €424.95 ($505.76) million daily trading in securities. This figure shrunk to €353.85 ($421.14) in April - a 17 percent decrease.

The number of securities deals made on the exchange in April also shrank. From a high of 723,592 deals in March, the Irish exchange saw a low of 531,510 deals in April.

Securities down, bonds up

The decline in securities trading revenues was matched by a rise in Irish Government Bond (IGB) trading revenues. At the close of April, the stock exchange had total bond trading volumes for the month of 30.91 billion, nearly double the 16.85 billion in March.

In financial terms, this meant revenues for IGBs increased from €17.99 billion in March to €31.24 billion in April. This represented a 173 percent month on month increase.

Growth in total IGB trading also meant greater average daily trading values. These increased from €900 million in March to €1.60 billion in April.

Euronext Dublin released its monthly report for April 2018 this Friday. The Stock Exchange , which recently rebranded having been known as the Irish Stock Exchange, saw substantial decreases in monthly turnover in the securities and bond markets.

While March 2018 saw the Exchange finishing the month with €8.50 billion ($10.12 billion) in securities trading turnover, this was down to €7.20 billion ($8.57 billion) at the end of April. This was a 15 percent month on month reduction.

The reduction in overall trading revenues reflected a downturn in average daily trading. In March traders averaged €424.95 ($505.76) million daily trading in securities. This figure shrunk to €353.85 ($421.14) in April - a 17 percent decrease.

The number of securities deals made on the exchange in April also shrank. From a high of 723,592 deals in March, the Irish exchange saw a low of 531,510 deals in April.

Securities down, bonds up

The decline in securities trading revenues was matched by a rise in Irish Government Bond (IGB) trading revenues. At the close of April, the stock exchange had total bond trading volumes for the month of 30.91 billion, nearly double the 16.85 billion in March.

In financial terms, this meant revenues for IGBs increased from €17.99 billion in March to €31.24 billion in April. This represented a 173 percent month on month increase.

Growth in total IGB trading also meant greater average daily trading values. These increased from €900 million in March to €1.60 billion in April.

About the Author: David Kimberley
David Kimberley
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About the Author: David Kimberley
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