Millennium Post

MCX-SX matches NSE, BSE in market-cap, way behind in turnover

The country's newest bourse MCX-SX may have just a fraction of the turnover recorded by NSE and BSE, but it is only a shade below the two larger rivals in terms of total market value of the companies whose shares can be traded on its platform.

As per the latest data published by the market regulator Sebi, the total market capitalisation of 1,118 firms permitted to trade on MCX-SX platform stood at Rs 63.57 lakh crore in the cash segment as on 28 February 2013.

At the same time, market value of the companies listed on the other two stock exchanges, NSE and BSE, stood at Rs 63.85 lakh crore and Rs 65.38 lakh crore, respectively.

MCX-SX is the latest entrant to commence live trading in the cash and derivative segments in the capital market.

Sebi said in its latest monthly bulletin that the market capitalisation of companies permitted to trade on MCX-SX, which began cash market trading on February 11, 2013, stood at Rs 63,57,476 crore at the end of February 2013.

However, the month saw trading in shares of only 71 companies on MCX-SX during February, out of the total 1,118 securities allowed to be traded on its platform.

In terms of total turnover also, MCX-SX recorded a dismal performance with total turnover of Rs 2.5 crore in February.

In comparison, BSE and NSE recorded monthly turnover of Rs 42,138 crore and Rs 2,26,642 crore, respectively.

City-wise, national capital Delhi represented the maximum share (45.2 per cent) in MCX-SX's turnover in the cash segment.

Delhi was followed by Mumbai (23.4 per cent) and Kolkata (12.8 per cent)share in turnover.

In the derivative segment, MCX-SX registered a monthly turnover of Rs 153 crore in the stock futures segment.
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