Published On: Tue, Aug 5th, 2014

SGX Market Volumes Grow In July From June

Magnus Bocker CEO of SGX -

Magnus Bocker CEO of SGX –

Singapore Exchange (SGX) reported slight growth in securities and derivatives activities in July from a month earlier though volumes were unchanged or lower from a year earlier.

Securities

  • Total traded value was S$21 billion, 24% down from a year earlier, but up 2% month-on-month. Daily average value was down 20% to S$ 954 million year on year and 2% down month on month. July 2014 had 22 trading days compared with 21 in June 2014 and 23 in July 2013. Total market capitalisation increased 6% year on year to $1.0 trillion.
  • Six IPOs raised $508 million in July, compared with 8 listings which raised $1.5 billion a year earlier.
  • A total of 51 bond listings raised S$21 billion in July, compared with 29 raising $11 billion a year earlier. The biggest bonds listed included US$2 billion issue from Sumitomo Mitsui Banking Corporation and the EUR1 billion Indonesian sovereign bond. Outstanding bonds listed on SGX totalled 1,773, up 21% year on year.


Derivatives

  • Total derivatives volume was unchanged at 8.9 million contracts in July from a year earlier and up 3% month on month.
  • The China A50 futures was the most active contract, with 3.2 million contracts traded, up 85% from a year earlier. Volume of the India Nifty futures was 1.6 million contracts, up 29% year on year while the MSCI Taiwan futures volume was down 15% at 1.6 million contracts. Nikkei 225 futures volume was down 45% at 1.5 million contracts.
  • Volume of SGX foreign exchange futures tripled from a month earlier to 43,000 contracts. Volume of new OTC SGD interest rate swaps cleared was S$4.2 billion, doubling month on month but 19% lower year on year.


Commodities

  • Total commodities (OTC and futures) volume totalled 211,537 contracts, double that of a year earlier.
  • Total Asiaclear futures volume was 172,757 contracts, triple the volume a year earlier. Total volume of iron ore derivatives (futures, options and cleared swaps) was 157,673 contracts, three times the volume a year earlier.
  • SGX rubber futures saw a total of 38,780 contracts traded, a 20% increase year on year.

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