July 2008 activity and value levels across many Australian Securities Exchange (ASX) markets were lower than the previous corresponding period, July 2007 (pcp), despite cash market trades setting a new monthly volume record.
Throughout the month ASX systems – including trading, clearing and settlement, and company announcements – operated normally.
Cash markets (including equities, interest rates and warrants trades):- Total cash markets trades for July 2008 were a record 10.2 million, up 67% on the pcp. Average daily trades of 444,987 were 59% up on pcp.
- Total cash market traded value was $126.8 billion in July 2008, down 11% on pcp, with a daily average value of $5.5 billion, down 15% on pcp.
- In July 2008 the average value per trade was $12,388, down on the pcp ($23,132 pcp), and the percentage of value crossed was 25% (30% pcp).
- Equity derivatives volume (excluding SPI 200) for July 2008 was 1.7 million contracts, down 29% on pcp, with a daily average of 72,700 contracts, down 32% on pcp.
- Total futures and options on futures contracts volume (excluding equity derivatives and CFDs) for July 2008 was 5.7 million, down 17% on the pcp, with a notional value of $2.7 trillion. Average daily contracts volume during July 2008 of 247,727 was down 20% on the pcp.
- A total of 8,617 ASX CFD trades were transacted in July 2008 comprising a volume of 6.9 million contracts. The total notional value of all CFD trades for July was $179.3 million, and the value of CFD open interest at the end of July was $79.3 million.
- In July 2008 there were 13 entities admitted for listing, compared to 35 in the pcp. Total listed entities at 31 July 2008 were 2,2361 up 6% on the 2,113 as at 31 July 2007.
- Total capital raised in July 2008 amounted to $6.1 billion, down 59% on the pcp, comprising $1.1 billion in initial raisings, down 67% on pcp, and $5.0 billion in secondary raisings, down 57% on pcp.
- In July 2008, there were:
- 10,873 company announcements processed, consistent with pcp;
- 22 price queries issued to listed entities, down 58% on pcp; and
- 72 trading halts granted, down 31% on pcp.
A detailed activity statement for ASX group markets for July 2008 is attached. ASX’s results for FY08 will be announced on 14 August 2008.
1Entities include companies and trusts with quoted equities (including individual entities that trade as stapled securities) and also other entities with debt securities only.
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