Kabu Metrics Continue to Fall

After reporting a solid performance in May, Kabu, a broker, has revealed a continued drop in performance from March highs.

Back in March, Kabu posted solid metrics over the month, boosted by COVID-19 volatility. It has given the trading markets new life. 

However, in May, the Japanese broker has largely reported a drop in its metrics. This followed a declining trend, one which was also witnessed in April.

Its business metrics for the month of May makes it one of the latest trading providers to report a continued drop in performance from the highs seen in March.

During the month, the number of securities accounts increased to 1,161,765, with 6,535 new accounts added. The number of newly opened accounts in May was 6,913. This figure is 2,799 more than what had been opened in the previous month.

Looking at Kabu’s trading activity, the monthly trading value of stocks in May was ¥2.44 trillion. When measuring this against the previous month, the trading value has dropped by 13.1 per cent. This is down from the ¥28.02 in April.

Over-the-counter FX Trading Falls on Kabu

In the fifth month of the year, Kabu noted an over-the-counter foreign exchange monthly trading value of ¥2.07 trillion. Comparing this against the previous month, the trading value has dropped by 8.1 percent. May’s value is the weakest reported by the broker since January 2020.

In May, the futures monthly trading value also declined on comparison by month. It fell from ¥3.49 trillion in April down to ¥2.68 trillion in May, representing a 23.1% decline.

Taking a look at Kabu’s B2B2C results, the number of financial product brokerage accounts grew by 2,730. It thus reached 95,669 accounts by the end of May. 

The ASP OTC FX monthly trading value for the month was ¥361.40 billion. When weighing this against the previous month, it fell by a total of 24.9 percent.