This report contains trading conditions of the Tokyo Stock Exchange for October 2012.
Highlights
(1) Equity Market
[Equities]
- Despite bearish conditions early on due to concerns over the global economic slowdown, a temporary lull in yen strength and expectations for monetary easing drove a recovery, pushing TOPIX higher for the second consecutive month. Average daily trading value also rose slightly from the previous month.
[ETF/ETN]
- Gains in the TSE REIT Index responded with gains to further monetary easing by the BOJ, leading to buying of REIT-ETF (1343) and Listed J-REIT (1345), ETFs that invest in J-REITs.
[REIT]
- The TSE REIT Index gained 3%, temporarily reaching a 17-month high, on the back of the continued expansion of monetary easing by the BOJ and an improvement in office vacancy rates.
(2) Derivatives Market
[JGB Futures]
- Monthly trading volume for 10yr JGB futures was 629,514 contracts (Daily average: 28,614 contracts), up 31% year-on-year.
- Monthly trading volume during the evening session for 10yr JGB futures was 72,348 contracts (Daily average: 3,289 contracts), up 70% year-on-year.
[Index Futures]
- Monthly trading volume during the evening session for TOPIX futures was 35,281 contracts (Daily average: 1,604 contracts), up 190% year-on-year.
- Monthly trading volume for Mini TOPIX futures reached 206,974 contracts (Daily average: 9,408 contracts), up 885% year-on-year.
[Individual Options]
- Monthly trading volume for individual options rose 110% from the previous month, reaching 45,228 contracts (Daily average: 2,056 contracts), up 73% year-on-year.
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