SINGAPORE (June 8): The Singapore Exchange (SGX) reported on Monday that the total securities market turnover value for May came in at $27.15 billion over 18 trading days.

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This was 8.4% lower m-o-m from April’s turnover value of $29.63 billion, and 17% higher y-o-y compared to May 2019, which had 21 days.

During the month, securities daily average value (SDAV) climbed by 6.9% m-o-m, and up 37% y-o-y to $1.51 billion. This was due to lifted sentiment on the reopening of economies around the world.

The market turnover value of exchange-traded funds (ETF) jumped 73% y-o-y to $302 million, as the SPDR Straits Times Index ETF traded nearly three times higher y-o-y at $88 million on the back of $57 million in net inflows during the month.

The increases in market turnover, as well as reduced volatility, were driven in part by optimism from economic stimulus as more countries emerge from the Covid-19-induced lockdown.

SGX FTSE China A50 Index Futures traded volume gained 2% m-o-m in May to 6.11 million contracts, while SGX Nifty 50 Index Futures increased 3% m-o-m to 2 million contracts.

The total amount issued from debt securities listings on SGX rose 25% y-o-y in May to $16.59 billion, mainly supported by issuances from North Asia.

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As heightening geopolitical tensions between the US and China drove risk management in currencies, total FX futures traded volume on SGX increased 17% m-o-m to 2 million contracts.

SGX USD/CNH futures traded volume gained 7% m-o-m to 724,127 contracts, with month-end open interest 16% higher m-o-m.

Commodities volume on SGX rebounded 25% m-o-m in May to 2.16 million contracts, boosted by a 30% m-o-m increase in the exchange’s benchmark iron ore derivatives to 1.93 million contracts.

As at 3.27pm, SGX shares were changing hands 0.9% down, at $8.37.