The total securities market value for the month of May stood at $30.27 billion over 19 trading days, according to Singapore Exchange’s (SGX) monthly market statistics report released on June 11.

This was 11.5% higher y-o-y, but 7.9% lower than the preceding month of April’s value of $38.52 billion over 21 trading days.

Securities daily average value (SDAV) climbed 6% y-o-y and 24.0% m-o-m to $1.6 billion.

The market turnover value of exchange-traded funds (ETFs) rose 28% y-o-y to $386 million.

Derivatives traded volume rose 6% y-o-y to 18.1 million contracts due to optimism of a sustained economic recovery.

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SGX’s suite of pan-Asia benchmark equity derivatives climbed 8% y-o-y to 13 million contracts.

SGX FTSE China A50 Index Futures were up 13% y-o-y to 6.9 million while the SGX FTSE Taiwan Index Futures grew 28% m-o-m to a four-month high of 1.8 million.

SGX MSCI Singapore Index Futures climbed 24% y-o-y to over 1 million contracts.

Total foreign exchange (forex) traded volume increased 2% y-o-y to 2 million contracts.

SGX’s USD/CNH Futures climbed 20% y-o-y to 869,101 contracts on the back of China’s economic rebound that buoyed institutional demand to risk-manage to renminbi.

The SGX INR/USD Futures climbed 3.9% y-o-y and surged 107% m-o-m to US$1.9 billion ($2.52 billion) due to a recovery in the Indian stock market that boosted the rupee’s performance.

In May, SGX introduced its USD/INR (USD) Option contract, following the launch of its USD/INR (SD) Futures in November 2020.

The SGX USD/SGD (Full-Sized) Futures set a new monthly cumulative T-session volume record of 29,959 contracts or US$3 billion.

Total commodity volume rose 8% m-o-m to 2.3 million contracts in May.

SGX’s iron ore derivatives climbed 13% m-o-m to 2 million contracts on the back of record iron ore prices and volatile steel mill margins.

Bellwether 62% Fe Fines iron ore volume increased 14% m-o-m while activity grew 17% m-o-m for the greener, higher-grade 65% Fe Fines contract.

Forward freight agreement (FFA) surged 112% y-o-y to 147,717 contracts on the back of supply-chain tightness.

The benchmark Straits Times Index (STI) slid 1.7% in May to 3,164.28, continuing to outpace the FTSE All World Index year-to-date (y-t-d) despite ending a six-month streak of gains.

During the month, the SGX Mainboard welcomed the secondary listing of Sri Trang Gloves (Thailand), one of the world’s largest glove manufacturers.

Total market capitalisation value of 688 listed companies stood at $899.14 billion as at end May.

Shares in SGX closed 12 cents higher or 1.2% up at $10.55 on June 11.

Photo: Bloomberg