The Singapore Exchange (SGX) reported total securities market turnover of $27.03 billion for the month of September over 22 trading days.

According to the latest monthly market statistics released on Oct 12, the amount represents an 11% growth y-o-y from the $24.3 billion over 22 trading days in September 2020.

The figure also represents a 2.9% m-o-m drop from August’s total turnover of $26.26 billion.

In cash equities, securities daily average value (SDAV) climbed 11% y-o-y to $1.23 billion. On a m-o-m basis, SDAV slipped 1.68% from August’s SDAV of $1.25 billion.

During the month, the SGX FTSE China A50 Index Futures was a “standout performer” with traded volume rising 20% y-o-y to 9.3 million contracts.

SGX USD/CNH Futures climbed 15% y-o-y to 921,663 contracts.

Benchmark iron ore derivatives gained 14% y-o-y to 2.1 million contracts.

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SGX-listed companies continued to tap the equity capital markets with secondary funds raised of $1.7 billion in September. The SGX also saw 79 bond listings totalling $40.1 billion in the same month.

Total derivative traded volume in September gained 4% y-o-y to 21.1 million contracts.

Of this, equity index futures increased 1% y-o-y to 15.6 million contracts. Foreign exchange (forex) futures rose 3% y-o-y to 2.3 million contracts, while commodity derivatives increased by 17% y-o-y to 2.5 million contracts.

From July to September, total derivative traded volume climbed 12% q-o-q from the period of April to June.

Equity index futures volume gained 16.6% q-o-q, while forex futures volume slid 2.8% q-o-q.

Commodity derivative volume gained 9.9% q-o-q.

The average fee per contract for equity, currency and commodity derivatives was $1.45.

In September, market turnover value for exchange-traded funds (ETFs) gained 17% y-o-y to $379 million, or up 30.2% q-o-q.

Turnover of structured warrants and daily leverage certificates (DLC) surged 50% y-oy and 49.2% q-o-q $683 million.

According to the exchange, the gradual reopening of the Indian economy buoyed sentiment in equities, while elevated oil prices drove currency hedging.

SGX Nifty 50 Index Futures traded volume increased 9% m-o-m to 2.1 million contracts while SGX INR/SGD Futures rose 17% m-o-m to 1.3 million contracts.

As at end-September, the total market capitalisation value of 673 listed companies stood at $887.90 billion.

As at 12.53pm, shares in SGX are trading 4 cents higher or 0.42% up at $9.51.

Photo: Bloomberg