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SGX total securities market down by 3.2% y-o-y to $27.25 bil in Nov

Felicia Tan
Felicia Tan12/12/2022 09:49 PM GMT+08  • 3 min read
SGX total securities market down by 3.2% y-o-y to $27.25 bil in Nov
As at end-November, there were a total of 654 listed securities with a total market capitalisation of $833.2 million. Photo: Albert Chua/The Edge Singapore
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The Singapore Exchange (SGX) reported total securities market turnover of $27.25 billion for the month of November over 22 trading days.

According to the latest monthly statistics released on Dec 12, the amount represents a 3.23% y-o-y decline from the $28.16 billion in November 2021, which had a total of 21 trading days.

On a m-o-m basis, November’s turnover value increased by 18% instead.

In cash equities, securities daily average value (SDAV) fell 7.61% y-o-y but rose 7% m-o-m to $1.24 billion.

Derivatives daily average volume (DDAV) rose by 26.57% y-o-y but fell 10.72% m-o-m to 1.09 million contracts.

The total traded derivatives volume rose by 30% y-o-y and 7.7% m-o-m to 23.66 million contracts.

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According to SGX, the y-o-y increases were attributable to the gradual reopening of China as well as the country’s government’s support for its property sector, which fanned risk-on sentiment in Asian equities, currencies as well as commodities.

The total market turnover value of exchange-traded funds (ETF) fell 10% y-o-y but rose 17.9% m-o-m to $389 million. During the month, a new ETF, the UOBAM Ping An ChiNext ETF, was added to the group’s list.

In November, the total market turnover value of structured warrants surged by 43% y-o-y but fell by 10.4% m-o-m to $414 million.

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Daily leverage certificates (DLC) in November also surged by 336% y-o-y but fell by 10.9% m-o-m to $581 million.

During the month, total foreign exchange (FX) futures volume increased by 104% y-o-y and 23.1% m-o-m to 4.0 million contracts, making this an all-time high for the group. The record figure was thanks to the hedging activity on SGX FX amid the weak US dollar related to the outlook for rates.

SGX INR/USD Futures volume jumped 81% y-o-y to 1.8 million contracts, with a record average daily turnover of 83,700 contracts. SGX KRW/USD Futures notched a new monthly high of US$3.3 billion ($4.46 billion) notional.

In November, the volume of SGX FTSE A50 Index Futures increased 24% y-o-y and 10.8% m-o-m to 9.3 million contracts, while benchmark iron ore derivatives gained 69% y-o-y to 3.2 million contracts.

During the month, SGX USD/CNH Futures volume more than doubled y-o-y to 2 million contracts or a record-high notional US$200.9 billion.

Across the SGX Equity Derivatives suite, total volume rose 17% y-o-y but fell 2.9% m-o-m in November to 15.5 million contracts. The y-o-y increase included broad-based y-o-y volume gains for SGX FTSE Taiwan Index Futures, SGX MSCI Singapore Index Futures and SGX Nikkei 225 Index Futures.

Commodity derivatives volume increased by 57% y-o-y to 3.7 million contracts, while the volume of SGX SICOM rubber futures, the world’s pricing bellwether for natural rubber, increased 26% y-o-y to 220,880 contracts.

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In November, the benchmark Straits Times Index (STI) advanced 6.4% to 3,290.49 points, the strongest price performance since March 2021.

On SGX Fixed Income, the exchange issued 33 new bond listings totalling $3.9 billion in November.

As at end-November, there were a total of 654 listed securities with a total market capitalisation of $833.2 million.

Shares in SGX closed 9 cents lower or 0.98% down at $9.12 on Dec 12.

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