Multi Commodity Exchange Sees 21.79% Surge in Open Interest to 47,483 Contracts
Multi Commodity Exchange of India Ltd (MCX) has seen a notable rise in open interest, reaching 47,483 contracts, alongside a trading volume of 158,457 contracts. The stock is near its 52-week high, with strong performance metrics, despite a decline in investor participation reflected in delivery volume.
Multi Commodity Exchange of India Ltd (MCX) has experienced a significant increase in open interest today, reflecting heightened trading activity. The latest open interest stands at 47,483 contracts, marking an increase of 8,495 contracts or 21.79% from the previous open interest of 38,988. This surge coincides with a trading volume of 158,457 contracts, indicating robust market engagement.In terms of price performance, MCX is currently trading close to its 52-week high, just 4.77% away from the peak of Rs 9,115. The stock reached an intraday high of Rs 8,748.5, representing a 6.83% increase for the day. Notably, MCX has outperformed its sector by 5.75%, showcasing its strong market position.
Despite this positive momentum, there has been a decline in investor participation, with delivery volume dropping by 50.78% compared to the five-day average. However, the stock remains liquid, with a trade size of Rs 6.02 crore based on 2% of the five-day average traded value.
In summary, the notable increase in open interest for MCX highlights a dynamic trading environment, while the stock's performance metrics suggest a solid standing in the capital markets sector.
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