The Japan Exchange Group (JPX), the owner of the Tokyo Stock Exchange and Tokyo Commodity Exchange has published its monthly operational metrics for February 2019, showing a continuance of the lackluster trend, with falling derivatives and stock trading volumes.
Since the start of this year, the exchange group has recorded a slump in trading activities after months of healthy trading gains. During the month, the derivatives contracts came in at 25,593,715 contracts, which is 9.6 per cent lower when compared to contracts traded in the previous month. When compared against the same month last year, the trading volume is 36.1 per cent or 14,465,442 contracts less. The average daily volume for the month was 1,347,038 contracts.
In terms of trading value, the picture doesn’t look good either, with trading value for derivatives being ¥189.2 trillion (around $1.7 billion), which is down 4.8 per cent on a monthly basis and 27.3 per cent lower on a yearly basis.
The trading volume for Nikkei 225 in the month of February totalled 18,593,524 contracts, with daily average volume coming in at 978,607 contracts. When compared on a monthly basis, the figure is 11.2 per cent lower, and on a yearly comparison, the trading volume fell by over 36 per cent.
In the Exchange-Traded Funds (ETF) segment, the performance was also negative with total trading volume coming in at 769,249 contracts, with an average volume of 40,487 contracts. This is 15.8 per cent lower on a monthly basis and 44.1 per cent lower when compared on a yearly basis. In terms of trading value, the segment generated a value of ¥3.3 trillion, which is 10.8 per cent less compared to January 2019.