SGX total securities market turnover value down 11.2% y-o-y to $21.06 bil in June

Securities daily average value (SDAV) on SGX securities fell by 6.6% y-o-y to $1.11 billion.

The Singapore Exchange S68 (SGX) Group has reported a total securities market turnover value of $21.06 billion in June 2024, marking a 11.2% decline on a y-o-y basis. There were 19 trading days in June this year, compared to 20 last year.

Securities daily average value (SDAV) on SGX securities fell by 6.6% y-o-y to $1.11 billion. From April to June, SDAV rose to $1.2 billion, 7% higher q-o-q. Singapore was the second most-actively traded market in Southeast Asia in the second quarter of the year as the benchmark Straits Times Index (STI) rose by 3.4% q-o-q to 3,332.8 points.

In June, the total number of listed securities fell by 2.7% y-o-y to 623 from 640 in June last year, with total market capitalisation at $792.93 billion, 2.31% down y-o-y.

The market turnover value of exchange-traded funds (ETFs) increased by 23% y-o-y to $272 million. Turnover of fixed income ETFs gained 59% y-o-y, largely contributed by increased trading in the iShares Asia USD High Yield Bond ETF.

Total derivatives traded volume rose 5% y-o-y to 22.4 million contracts in June. Derivatives daily average volume (DDAV) was up by 13% y-o-y to 1.2 million contracts.

Foreign exchange (FX) futures traded volume climbed by 35% y-o-y to 4.5 million contracts in June as market participants hedged amid shifting expectations for interest rate cuts.

SGX US dollar (USD)/Chinese yuan (CNH) FX Futures and SGX Indian rupee (INR)/USD FX Futures, two of the top 10 most-traded listed futures globally, achieved single-day open interest (OI) records of 219,005 lots on June 13 and 297,086 lots on June 25, respectively. SGX Korean won (KRW)/USD FX Futures also set new OI records for both mini and full-sized contracts during the month.

Commodity derivatives traded volume rose by 30% y-o-y in June to 5.1 million contracts led by led by benchmark iron ore derivatives and SGX SICOM rubber futures.

Dairy derivatives marked a single-day OI record of 169,908 contracts on June 18.

GIFT Nifty 50 Futures DAV and month-end OI climbed to a record US$5.1 billion ($6.89 billion) and US$11 billion, respectively. Nifty 50 Options DAV reached US$222 million, quadrupling since the start of full-scale operation of the NSE IX-SGX GIFT Connect in July 2023.

As at 3.02pm, shares in SGX are trading 8 cents lower or 0.83% down at $9.55.