Gaitame has published its trading metrics for August 2018. Although the number of accounts grew, the total deposits were down both on a yearly and monthly comparison.
Starting with the number of client accounts, the broker saw a total of 467,518 in August. This was a marginal increase of 2,356 accounts or 0.5 per cent from the previous month. In August 2017 Gaitame experienced 452,633 client accounts. Therefore, the number of accounts for this August is up by around three per cent year-on-year.
In October last year, for the first time in years, client accounts experienced a month-on-month drop, when it reached 443,485 accounts. This followed the highest number of client accounts for 2017 in September, which saw 454,941 registrants. However, since October’s lows, client accounts have seen consistent growth with August being no exception.
Looking at the group’s deposit totals in August of 2018, the broker disclosed a figure of ¥113.7 billion ($1.02 billion). This is down both on a monthly and yearly basis. , the broker saw ¥119.6 billion in deposit totals, meaning August’s figure is down 5.2 per cent month-on-month. Compared to the same period last year, the figures for August 2018 were around 1 per cent less.
Since December 2016, the total deposit amount for the broker had been on a consistently upward trend. However, March’s volumes saw this trend falter for the first time in 15 months. Although April did make a good recovery and saw volumes in-line with the upward trend, May, , July and now August have not been able to get back to prior levels.
Transaction volume on Gaitame sees the first uptick in months
For the first time since May this year, the transaction volume in August 2018 on Gaitame saw a month-on-month uptick. Specifically, the volume reached ¥212.9 billion during this month. Compared to July, which reached ¥189 billion, this is an increase of 11 per cent. On a yearly basis, August 2018 volume is also up by around 6 per cent.
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