Singapore Exchange’s (SGX) total securities market turnover value for the month of August stood at $26.26 billion over 21 trading days, according to monthly market statistics released on Sept 10.

This marks a 4.7% increase m-o-m from the $25.07 billion recorded in July, but a 6.7% decline y-o-y from the $28.15 billion recorded in August 2020.

Securities daily average value (SDAV) stood at $1.25 billion in August, 4.7% higher m-o-m compared to $1.19 billion in July but 11.2% lower y-o-y compared to $1.41 billion in August 2020.

The market turnover value of structured warrants and daily leverage certificates (DLC) rose 8% m-o-m to $622 million – the highest amount since November 2020 – as more underlying stocks were made available. 

During the month, the benchmark Straits Times Index (STI) declined 3.5% to 3,055.05. 

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SGX-listed companies continued to tap the equity capital markets with secondary funds raised of $377 billion in August. The SGX also saw 42 bond listings in August, totalling $20.9 billion.

The total traded volume for derivatives for August came in at 19.53 million contracts, 4.2% lower m-o-m compared to 20.38 million contracts recorded in July. It is also 0.81% lower on a y-o-y basis.

Nonetheless, SGX highlights that its suite of commodity derivatives was a “standout performer” as price swings and supply-chain disruptions continued to challenge physical markets. 

Total commodity derivative volume including iron ore gained 10% y-o-y to 2.6 million contracts. Forward freight agreements(FFA) volume jumped 131% yo-y to 160,678 contracts

SGX also noted that institutional investors increased their portfolio risk management amid uncertainty over China’s outlook, after manufacturing activity in the world’s second-largest economy contracted in August for the first time in nearly a year and a half. 

SGX FTSE China A50 Index Futures traded volume rose 4% y-o-y to 8.9 million contracts, while the volume of SGX USD/CNH Futures climbed 12% y-o-y to 812,929. The SGX USD/CNH Futures is the world’s most widely traded international RMB futures contract and achieved a month-end open interest of US$11.3 billion – a record high. 

Iron ore was also actively traded, as the volume of SGX’s benchmark iron ore derivatives gained 4% y-o-y in August to 2.2 million contracts. 

As at 2.14pm, shares in SGX are trading up 9 cents or 0.89% higher at $10.26.

Photo: SGX