Bolsas y Mercados Españoles (BME), the management company of the Spanish stock exchanges said that the traded volume of equities during September yielded a 1.3% compared to September 2016, up to 42.297 million euros.
In the quarter, the negotiated volume improved 3.7% versus the third quarter of 2016, while in the January-September cumulative turnover decreased a 4.0% versus the same period of the previous year.
Moreover, the number of negotiations during September was 3.5 million, – 5.6% less than in September 2016. In the quarter, the traded volume increases 3.6% against the third in 2016 and in the comparative nine months yields a 7.5% versus the same period of the previous year.
All the negotiations during September this year in the BME stood a 5 million contracts, this is approximately 9.6% on what was recorded during the same month in 2016.
Meanwhile this year, negotiations that have been building up reached 2.5 million contracts for Ibex 35 options and 14 million contracts for the stock options. These are figures mean a growth of 7.4% and 1.6% regarding the volumes that were accumulated during September of last year.
On the other hand, we need to see trading in the fixed income, which last month was approximately 5.459 million, this suggests an increase of 49.6% on what was negotiated during August. However, the volume accumulated during the first nine months of the year fell by 43.1% to settle at 75.828 million.
To analysts of Renta 4, BME has published some volumes traded in September with the fifth consecutive annual increase after 19 months prior of falls (8% versus September 2016) and moderating the fall accumulated in the year from -24% in January to -3% in September.
They also highlighted that, in average, the figures improve a 13% versus September 2016 and a 37% compared to August of 2017. The number of negotiations in September grows 5% compared to August, although falls 5% against September 2016 and 7% in the accumulated this year.
“In the future, we hope to continue improving volumes to greater visibility over the economic cycle and business results, which determine greater flows into equities,” they conclude.
For ACF analysts, however, it’s bad news for BME that the rate of recovery of volumes that had been recorded since May slows down.
For the beginning of the week, BME shares are left more than half a percentage point and are placed in the 28,52 euros in a downtrend in Ibex Medium Cap. So far year, the titles of the company were revalued something less than six points and average percentage.