Moscow Exchange Registers 31.1% YoY Growth in Total Trading Volume for January 2024

Moscow Exchange (MOEX), the largest exchange group in Russia, has released its key trading metrics for January 2024, registering a total trading volume of RUB 107.9 trillion (trln), 31.1% higher than RUB 82.3 trln in January 2023 and 22.7% lower than RUB 139.6 trln in December 2023.

Trading Overview for January 2024

Equity & Bond Market

• Total trading volume on the Equity and Bond Market in January to RUB 2.9 trln, jumping 81.3% compared to RUB 1.6 trln in the same period of 2023, hereinafter excluding overnight bonds.

• Trading volume in shares, DRs and investment fund units was RUB 1.8 trln, soaring 125.0% compared to RUB 0.8 trln in the year-ago month. ADTV was RUB 85.7 billion (bln), an increase of 128.5% compared to RUB 37.5 bln in January 2023.

• Turnover in corporate, regional and sovereign bonds was RUB 1.1 trln, rising 37.5% from RUB 0.8 trln in January 2023. ADTV rose by 34.6% from RUB 38.7 bln to RUB 52.1 bln on a year-on-year basis.

• 45 bond issues with a combined value of RUB 2.1 trln (of which overnight bonds accounted for RUB 1.6 trln) were placed.

Derivatives Market

• The trading volume was RUB 6.6 trln, up 88.6% compared to RUB 3.5 trln in January 2023. ADTV was RUB 312.8 bln, jumping 87.9% compared to RUB 166.5 bln in last January.

FX Market

• The trading volume was RUB 27.4 trln, up 62.1% YoY (January 2023: RUB 16.9 trln), with spot trades amounting to RUB 8.9 trln and swap trades and forwards totaling RUB 18.6 trln.

• ADTV increased by 62.5% from RUB 0.8 trln in January 2023 to RUB 1.3 trln for the month.

Money Market

• Money Market turnover was RUB 69.3 trln, 16.9% higher than RUB 59.3 trln in January 2023. ADTV was RUB 3.3 trln, an increase of 17.9% compared to RUB 2.8 trln in the same period of 2023.

• The CCP-cleared repo segment reached RUB 30.8 trln, including the GCC repo segment which totalled RUB 19.4 trln.

Precious Metals Market

• Turnover in precious metals (spot and swaps) was RUB 40.9 bln (January 2023: RUB 12.1 bln), of which RUB 40.4 bln (7.0 t) was gold and RUB 0.5 bln (6.4 t) was silver.