ASX : Monthly Activity Report - August 2017

5 September 2017

The value of ASX-listed stocks, as measured by the All Ordinaries Index, remained flat in August 2017. This was in line with the US and in contrast to other major markets, including Hong Kong up 2.4%, the UK up 0.8%, Singapore down 1.6%, Japan down 1.4%, and Germany down 0.5%.

Volatility measures for the Australian equity market remained relatively low in August:

• Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.4% in August, down on the previous month (0.6%).

• Expected future volatility (as measured by the S&P/ASX 200 VIX) in August was an average of 13.5 (compared to 13.4 in July).

  LISTINGS AND CAPITAL RAISINGS

• In August 2017, total capital raised was $5.8 billion, down 7% on the previous corresponding period (pcp).

  Listings and Capital Raisings	August 2017 Month	August 2016 Month	August 2017 Financial YTD	August 2016 Financial YTD
  New listed entities admitted	4	16	16	28
  De-listings	9	34	18	40
  Total listed entities (at end of month)	2,237	2,192
  Change on pcp	2%
  Initial capital raised ($million)	487	2,551	1,917	3,975
  Change on pcp	-81%	-52%
  Secondary capital raised ($million)	4,620	3,014	7,765	9,941
  Other capital raised including scrip-for-scrip ($million)	731	720	1,124	998
  Total secondary capital raised ($million)	5,351	3,734	8,889	10,939
  Change on pcp	43%	-19%
  Total capital raised including other ($million)	5,838	6,285	10,806	14,914
  Change on pcp	-7%	-28%

  TRADING - CASH MARKETS (INCLUDING EQUITIES, INTEREST RATE AND WARRANTS TRADES)

• In August 2017, the average daily number of trades was 12% higher than the pcp. The average daily value traded on-market of $4.2 billion was up 1% on the pcp.

  Cash Markets	August 2017 Month	August 2016 Month	August 2017 Financial YTD	August 2016 Financial YTD
  Total trading days (Cash market includes equity, warrant and interest rate market transactions)	23	23	44	44
  Cash market volume
  Total trades	25,888,396	23,069,725	49,064,340	43,647,231
  Change on pcp	12%	12%
  Average daily trades	1,125,582	1,003,032	1,115,099	991,983
  Change on pcp
  Cash market value
  Open trading ($billion)	64.350	66.910	120.063	125.171
  Auctions trading ($billion)	20.682	18.267	40.924	35.065
  Centre Point ($billion)	10.666	9.322	18.977	16.525
  Trade reporting* ($billion)	17.700	14.979	29.699	25.070
  Total value ($billion)	113.398	109.478	209.663	201.831
  Change on pcp	4%	4%
  Average daily value on-market ($billion)	4.161	4.109	4.090	4.017
  Change on pcp	1%	2%
  Average daily value ($billion)	4.930	4.760	4.765	4.587
  Change on pcp	4%	4%
  Average value per trade ($)	4,380	4,746	4,273	4,624
  Change on pcp	-8%	-8%
  Non-billable value (above cap) ($billion)	2.170	1.566	3.540	2.185
  Total billable value ($billion)	111.228	107.912	206.123	199.646
  *Trade reporting means the value of trades executed outside the order books of ASX or Chi-X that is subsequently reported to ASX for publication

  TRADING - FUTURES

  • In August 2017, average daily futures and options on futures volumes were up 15% on the pcp. Average daily futures volume was up 16% and average daily options volume was down 25% on pcp.

    Futures	August 2017 Month	August 2016 Month	August 2017 Financial YTD	August 2016 Financial YTD
    Futures and options total trading days (includes interest rate, ASX SPI 200, commodities and energy contracts)	23	23	44	44
    Futures volume
    Total contracts	8,863,013	7,658,247	20,925,316	16,186,132
    Change on pcp	16%	29%
    Average daily contracts	385,348	332,967	475,575	367,867
    Options on futures volume
    Total contracts	79,541	106,201	195,914	251,652
    Change on pcp	-25%	-22%
    Average daily contracts	3,458	4,617	4,453	5,719
    Total futures and options on futures volume
    Total contracts	8,942,554	7,764,448	21,121,230	16,437,784
    Change on pcp	15%	28%
    Average daily contracts	388,807	337,585	480,028	373,586
    Change on pcp

    Volume of futures trading by individual contract is available at the following link http://www.asx.com.au/data/market-reports/MonthlyFuturesMarketsReport170831.pdf

    CLEARING - OTC MARKETS

  • In August 2017, the notional value of OTC interest rate derivative contracts centrally cleared was $474 billion, compared to $300 billion in the pcp.

  OTC Markets

  August 2017

  Month

  August 2016

  Month

  August 2017

  Financial

  YTD

  August 2016

  Financial

  YTD

  Total notional cleared value* ($billion) 474.370 299.554 1,095.501 597.630

  Change on pcp 58% 83% Open notional cleared value* ($billion)

  (at end of month) 3,334.883 1,652.707

  Change on pcp

  *Cleared notional value is double sided

  102%

  TRADING - EQUITY OPTIONS

• In August 2017, the average daily number of exchange-traded options was up 17% on the pcp. Single stock options average daily contracts traded were up 19% on the pcp and index options average daily contracts traded were up 4% on the pcp.