TRADE RESULTS OF ESCERTS FOR WEEK 2

The second trading session of ESCerts took place today.

 

In total, there was a demand for 51,925 ESCerts which was higher than the demand last week by 2.01%. This demand was against a total supply of 2,36,031 ESCerts. Market clearing price was determined at Rs 1,200/ ESCert, with 23,295 ESCerts sold (more than twice the volume was cleared; the total traded value was Rs 2.79 crore).

 
Source: IEX analysis

Since a price benchmark was set during the first trading session last week, a lot more supply was bid at a lower price point. As a result, although the overall demand and supply remained the similar, the cleared volume was nearly double that of last week.

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