Published On: Fri, Apr 4th, 2014

ASX Group Monthly Activity Report March 2014

Elmer Funke Kupper, CEO ASX Group

Elmer Funke Kupper, CEO ASX Group

The value of ASX-listed stocks, as measured by the All Ordinaries Index, was fairly consistent with the previous month (down 0.2% in March 2014). This performance was stronger than other major markets, including the UK down 3.1%, Hong Kong down 3.0%, Germany down 1.4%, and weaker than Japan down 0.1%, Singapore up 2.5% and the US up 0.7%.

Volatility measures for the Australian equity market remained below long-term averages during March:

  • Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.5% in March, consistent with the previous month.
  • Expected future volatility (as measured by the S&P/ASX 200 VIX) fell in March to an average of 13.2 (compared to 14.2 in February).


Listings and capital raisings
In March 2014, total capital raised, including scrip-for-scrip, totalled $4.3 billion, down 3% on the previous corresponding period (pcp).

Trading – Cash markets (including equities, interest rates and warrants trades)
In March 2014, the average daily number of trades was 2% lower than the pcp. The average daily value traded onmarket of $3.7 billion was 2% lower than the pcp.

Trading – Financial derivatives markets

  • In March 2014, the average daily number of derivatives traded on ASX decreased 9% on the pcp with both single stock and index options lower.
  • In March 2014, average daily futures and options on futures volume on ASX 24 decreased 8% on the pcp, with both futures and options volumes lower.


Participant margin balances held on balance sheet averaged $3.5 billion in March 2014 ($3.9 billion pcp), with a month-end balance of $3.4 billion in March 2014 compared to $3.6 billion in March 2013.


  • The value of securities held in CHESS was 8% higher than the pcp and the number of dominant settlement
    messages was 3% higher than the pcp.
  • The value of securities held in Austraclear was 9% higher than the pcp.

About the Author


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