The Japan Exchange Group (JPX) has released its trading overview for 2013. At the beginning of last year, the Tokyo and Osaka bourses merged to form the JPX. Thanks to the investor enthusiasm generated by ‘Abenomics’, Japan’s exchanges have witnessed record volumes.
The 1st section’s domestic stock trading volume reached a historic high of 841.6 billion shares during the year. Trading value within that section reached its third highest level of JPY639.9 trillion, ranking 2013 behind only the record trading years of 2007 and 2006.
Trading volume for domestic exchange-traded funds in 2013 also set new all-time highs for turnover at 4.35 billion units (daily average: 17.78 million units) and for trading value at JPY16.2 trillion (daily average: JPY 66.2 billion).
Trading volume for domestic stocks in the Mothers market hit a record of 10.6 billion (daily average: 43.39 million) in 2013, as did trading value in that section, which reached JPY27.8 trillion (daily average: JPY113.6 billion).
Rounding out the clean sweep, Japan’s derivatives market also saw record volumes. The integration of the Osaka and Tokyo derivatives markets unfolded at a slower pace than the cash markets, and completion is due in March 2014. Total trading volume for the derivatives market in 2013 reached a historic high of 366 million contracts.
Whilst Japanese trading volumes hit records, and the Nikkei 225 index rose 57% to 16,921 points to be Asia’s best performing market in 2013, the index still has a long journey to surpass its record level of 38,915 in 1989.