The Singapore Exchange (SGX) reported total securities market turnover of $25.8 billion for the month of February over 19 trading days, according to the latest monthly market statistics released on March 10.

The amount represents a 6% drop y-o-y from the $27.5 billion over 20 trading days in February 2020, and a 13.2% m-o-m drop from January’s total securities market turnover of $29.7 billion over 20 trading days.

In cash equities, securities daily average value (SDAV) slid 1% y-o-y to $1.36 billion, and 8.6% m-o-m from January’s SDAV of $1.49 billion.

During the month, the market turnover value of exchange-traded funds (ETF) climbed 40% y-o-y to $499 million amid increased investor adoption.

The increase was also due to the new daily leverage certificates (DLC) and structured warrants that were listed on the SGX in February.

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The benchmark Straits Times Index (STI) was up 1.6% m-o-m at 2,949.04 as it grew for the fourth consecutive month.

In February, the STI generated a total return of 1.7%, bringing total returns for the first two months of 2021 to 3.9%.


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There were 63 new bond listings for the month, which raised $31.5 billion. According to SGX, Asia’s primary bond market saw increased activity towards the end of the month on broad regional participation.

Total derivatives traded volume on SGX fell 26.3% y-o-y and 10.5% m-o-m to 17.7 million contracts due to fewer trading days in onshore markets.

Derivatives daily average volume (DAV) fell 14.2% y-o-y to 1.06 million contracts.

Total foreign exchange (forex) futures fell 6.3% y-o-y to 2.3 million contracts, led by a 22% jump in SGX INR/USD Futures as market volatility took a turn higher.

In commodity markets, SGX’s freight derivatives set record open interest in February on heightened demand to manage price risk.

Forward freight agreement (FFA) traded volume surged 80% y-o-y to 150,601 contracts amid a rally in shipping rates.

SGX petrochemical derivatives volume more than doubled y-o-y to a record 1.45 million metric tonnes (MT) on the back of increased hedging and record open interest.

Iron ore derivatives traded volume declined 12% m-o-m in February to 1.4 million contracts.

SGX SICOM rubber futures, the global pricing bellwether for natural rubber, climbed 12% to 146,291 contracts.

As at end-February, the total market capitalisation value of 695 listed companies stood at $888.74 billion.

During the month, SGX welcomed specialist healthcare group Livingstone Health Holdings Limited as well as fintech group MC Payment Limited to its Catalist board.

Shares in SGX closed 7 cents higher or 0.7% up at $9.99 on March 10.