Following on from a weak performance in April, Invast Securities, , has reported its operating results for the month of May.
The month of April was a sluggish month for the foreign exchange (forex) industry on a global scale, with low volatility dragging trading volumes down. In May, however, many trading providers have reported an uptick in trading volumes.
Invest Securities, however, is not among the firms that reported a recovery in May. In fact, its results in May are even . Specifically, the company reported operating revenue of ¥381 million ($3.5 million).
Not only is this lower than April’s operating revenue of ¥382 million by 0.3 per cent, but it is also the lowest operating revenue reported since September of 2018 – taking away the title from the previous month.
When measuring May of 2019’s figure against the same period of the previous year – May of 2018, the numbers paint a different picture. This is because May of 2018 achieved operating revenue of ¥335 million. This means last months figure increased by 13.7 per cent year-on-year.
Deposited Margin Drops MoM in May on Invast Securities
In addition to operating revenue falling during the month of May on a month-on-month comparison, the total amount of deposited margin has followed the same trend and fallen against April on the retail broker.
Coming in at ¥77.9 billion in May, the total amount of deposited margin on Invast Securities fell by around 0.9 per cent when measured against the almost ¥78.7 billion of deposited margin reported in April.
Nonetheless, the situation isn’t completely bleak for the Japan-headquartered broker, as it is still higher on a yearly comparison. Specifically, because May of 2018’s total deposited margin was ¥74.7, last month’s figure has risen by 4.3 per cent.
Be First to Comment