Readings: High yield spreads, Mall rents, F&O liquidity
- Bespoke: High Yield Spreads Near Record Highs
Pantaloon Retail India Ltd., the nation’s biggest publicly traded retailer, said malls are waiving rents and offering to pay for interior decoration as excess supply and slowing economic growth erodes demand.
Malls in India’s top eight cities have about 20 percent of their total 40 million square feet (3.7 million square meters) of space vacant, according to real estate broker Cushman & Wakefield Inc.
- Economic Times: It’s a futures shock for many cos with F&O membership
Nearly half the stocks in the derivatives segment on NSE had a daily average turnover of less than Rs 10 crore in the cash market, at the time of their inclusion in the futures and options (F&O) list.
. . . in over two dozen stocks, the liquidity has dried up to such an extent that trading volumes have been below Rs 1-crore mark on most of the days, even for companies having a market cap of over Rs 1,000 crore. And this in the week of contracts expiry, when volumes usually shoot up as traders either square up or carry forward their positions.
What’s interesting is that total F&O turnover hasn’t declined as much as CM turnover. So it seems that index futures & options have gotten even more popular, perhaps driven by the boom in structured products.
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