Singapore Exchange (SGX) reported a total securities market turnover value of $23.2 billion for the month of Oct 2020, up 8% y-o-y, but down 4.5% m-o-m.
There were 22 trading days in Oct this year, same as the number of trading days in Sept 2020 and Oct 2019.
In a Nov 10 statement, SGX says turnover stood higher for stocks in the medical and protective-equipment industries while market participants “continued to manage risk across multiple asset classes on the exchange even during regional holidays”.
Technology stocks continued to rank among the top actively-traded stocks, adds the exchange.
Securities daily average value (SDAV) climbed 8% y-o-y, but fell 4.4% m-o-m to $1.06 billion.
The market turnover value for exchange-traded funds (ETFs) surged 54% y-o-y and 11.7% m-o-m to $363 million as the bourse welcomed the listing of the Phillip SGD Money Market ETF, Southeast Asia’s first money market ETF.
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The ICBC CSOP FTSE Chinese Government Bond Index ETF, the world’s largest Chinese pure government bond ETF, also surpassed US$1 billion ($1.34 billion) in assets under management (AUM).
Total funds raised from equity and bond listings on the exchange reached $37.7 billion in October.
In the same month, Nanofilm Technologies International listed on the Mainboard of the SGX.
The home-grown deep technology firm closed 12% higher at its opening and climbed further in the month.
“SGX-listed companies continued to tap the equity capital markets with secondary fundraising of $2 billion, up 88% y-o-y. Broad momentum in bond listings continued into October, led by issuers from China and Singapore,” it says.
Total commodity derivatives traded volume on SGX climbed 3% y-o-y in October to 1.5 million contracts.
SGX’s bellwether iron ore derivatives were down 10% y-o-y at 1.1 million due to reduced hedging demand amid China’s Golden Week.
Forward freight agreements (FFA) traded volume gained 20% y-o-y to a three-month high of 92,305 contracts, while petrochemical derivatives surged 175% y-o-y to 2,488 contracts.
SGX FTSE China A50 Index Futures traded volume rose 3% y-o-y in October to 5.96 million contracts.
SGX Nifty 50 Index Futures increased 17% to 2 million contracts.
MSCI Singapore Index Futures climbed 7% to 947,292 contracts.
SGX USD/CNH Futures traded volume rose 17% y-o-y in October to 741,756 contracts.
As at end October, the total market capitalisation value of 702 listed companies stood at $788.02 billion.
Shares in SGX closed 28 cents lower or 3.0% down at $9 on Nov 10.