SPB Exchange recorded a drop in trading volume by almost half in March
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At the end of March, the volume of transactions with foreign securities on the St. Petersburg Exchange amounted to $2.65 billion. This is 43.48% less than in February ($4.69 billion), and 55.13% lower than in March 2022 ( $5.9 billion), according to press release on the exchange website.
Last month, the average daily trading volume decreased by 53.2% compared to February, to $0.12 billion. Traders made 2.69 million transactions, which is 52.8% less than in February (5.71 million). The number of active investor accounts fell by 32.4% to 134.10 thousand (from 198.28 thousand in February). The number of accounts with securities positions reached 1.91 million.
The top 10 in terms of trading volume included shares and depositary receipts of Tesla (22.12% of total trading volume), Coinbase (5.38%), Alibaba (4.06%), Marathon Digital Holdings (4.02%), Nvidia (3.58%), First Republic Bank (2.03%) and Advanced Micro Devices (1.97%).
The value of transactions in securities listed on the Hong Kong Stock Exchange fell by 53.74% compared with February, to 0.76 billion Hong Kong dollars ($97.47 million). Trading participants and their clients made 173.27 thousand deals in the main trading mode, which is 31.15% less than a month earlier.
Top 10 exchange trading volume includes Alibaba (20.78% of total trading volume), JD.com (9.56%), Baidu (4.98%), NIO (4.75%), XPeng (3.66 %), RemeGen (3.28%), Bilibili (2.99%), China Resources Power Holdings (2.94%), Li Auto (2.75%), Xiaomi (2.27%).
How reported “b” With reference to market participants, SPB Exchange plans to expand the geographical offer of securities of issuers from friendly jurisdictions no earlier than the second half of 2023. Analysts consider India to be the most promising direction. In February, the exchange increases the number of Chinese shares available to investors.
Details – in the material “Kommersant FM” “Chinese stocks occupy portfolios”.
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