CFA Society Singapore
SINGAPORE (June 7): Singapore Exchange (SGX) reported a 6% year-on-year increase in total securities market turnover value to $28.2 billion over 21 trading days in May.
This was also a 6% increase month-on-month, compared to total market turnover value of $26.7 billion in April.
Securities daily average value (SDAV) for May was $1.34 billion, up 6% m-o-m and up 6% y-o-y.
SGX highlights that SDAV hit a peak of $3.53 billion on May 31 – the highest single-day SDAV since May 31, 2013 – ahead of changes from MSCI’s May 2018 semi-annual review of its equity indexes.
Market turnover value of Exchange Traded Funds (ETFs) was $236 million in May, up 18% m-o-m and down 8% y-o-y.
Market turnover value of structured warrants and Daily Leveraged Certificates (DLCs), which was launched in July last year, was $1.40 billion, down 18% m-o-m and up 23% y-o-y.
There was 1 new Catalist listing and 102 new bond listings in May, raising $15.6 million and $37.77 billion, respectively.
As at end-May, total market capitalisation value of the 745 SGX-listed companies stood at $1.02 trillion.
On the derivatives front, SGX saw total volume rise 9% m-o-m and 13% y-o-y to 16.63 million.
Equity Index Futures volume was 12.42 million, up 4% m-o-m and up 5% y-o-y.
FTSE China A50 Index Futures remained the most active contract with volume of 6.24 million, up 8% m-o-m and up 7% y-o-y.
According to SGX, open interest in SGX FTSE China A50 Index Futures grew 25% m-o-m, as investors geared up for MSCI’s A-Shares inclusion.
Total FX Futures volume was 1.68 million, up 55% m-o-m and up 125% y-o-y.
SGX INR/USD Futures volume was 1,316,576, up 67% m-o-m and up 108% y-o-y, while SGX USD/CNH Futures volume was 356,473, up 26% m-o-m and up 235% y-o-y.
Value of cleared OTC SGD Interest Rate Swaps was S$11.98 billion, down 17% m-o-m and up 12% y-o-y.
Meanwhile, SGX commodities derivatives volume was 1.25 million, up 8% m-o-m and down 18% y-o-y.
Iron Ore Derivatives volume was 1,036,198, up 11% m-o-m and down 24% y-o-y.
Forward Freight Derivatives volume was 51,458, down 12% m-o-m and up 57% y-o-y.
Volume of SICOM Rubber Futures, the world’s price benchmark for physical rubber, was 150,291, up 2% m-o-m and up 39% y-o-y.
Shares of SGX closed 2 cents lower at $7.26 on Thursday.