Indian Energy Exchange up after rise in Aug electricity volume

Indian Energy Exchange

05/09/2023 05:16

** Shares of Indian Energy Exchange  IIAN.NS  up as much as
3.5% to 141.9 rupees, their highest level since June 8
    ** Stock on track for seventh consecutive session of gains,
if trends hold 
    ** IEX in an exchange filing said it achieved 8,469 mln
units total electricity volume in August 2023, up 21% YoY 
    ** The day ahead market volume in August rose 7.3% YoY to
3,810 million units 
    ** Real time market volume grew 21% YoY to 2,738 mln units,
while market clearing price was 6.89 rupees per unit during the
month, up 33% from a year earlier
    ** More than 12 mln shares change hands by 9:44 a.m. IST,
1.3x 30-day avg of over 8 mln shares

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330))