The total securities market turnover value for the month of June stood at $26.83 billion over 22 trading days, according to Singapore Exchange’s (SGX) monthly market statistics report released on July 12.
This marks an 11% decline m-o-m from the $30.27 billion recorded in May over 19 trading days and a 29% decline y-o-y from the $38 billion recorded in June 2020.
Securities daily average value (SDAV) stood at $1.22 billion in June, 23% lower m-o-m compared to $1.59 billion in May and 29% lower y-o-y compared to $1.73 billion in June 2020.
However, the market turnover value of structured warrants and daily leverage certificates (DLC) almost doubled m-o-m to $613 million.
Derivatives total traded volume on SGX rose 5% m-o-m to 18.9 million contracts, the highest in three months.
SGX’s suite of pan-Asia benchmark equity derivatives climbed 4% m-o-m in June to 13.5 million contracts. This included a 14% m-o-m increase in SGX FTSE China A50 Index Futures to 7.9 million contracts and a 7% m-o-m gain in SGX Nikkei 225 Index Futures to 1.2 million contracts.
During the month, SGX launched the SGX Nikkei ESG-REIT Index Futures – the world’s first ESG REIT derivatives. A thrust of the SGX FIRST sustainability platform, the contract is designed to meet growing demand for integrating environment, social and governance (ESG) considerations into investment portfolios.
Total foreign exchange (FX) futures traded volume on SGX rose 17% m-o-m in June to 2.4 million contracts, led by a 25% m-o-m jump in SGX INR/USD Futures to 1.3 million contracts.
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The volume of SGX USD/CNH Futures climbed 10% m-o-m and 13% on a y-o-y basis. SGX USD/SGD full-sized futures volume reached 38,357 contracts, notching another monthly record high.
Open interest in several FX contracts on SGX achieved daily record highs during the month, reflecting strong institutional demand to manage currency risk in Asia’s key economies. Open interest in SGX INR/USD Futures hit 138,207 lots or US$3.72 billion on 24 June, while SGX USD/CNH Futures reached US$10.8 billion on 10 June.
Commodity derivatives traded volume on SGX increased 12% y-o-y in June to 2.2 million contracts, buoyed by a 9% y-o-y gain in iron ore derivatives. Price volatility continued to spur hedging demand in the physical markets. Forward freight agreement (FFA) volume surged 51% y-o-y to 192,434 contracts – a record high.
SGX-listed companies raised secondary funds totalling $7.5 billion in June, the highest amount in a year. During the month, OTS Holdings Limited, joined the growing consumer sector on Catalist.
The amount issued from 81 new bond listings on SGX increased 51% m-o-m to $36.4 billion.
While the Straits Times Index (STI) declined 1.1% in the April-to-June quarter, it was the strongest first six months of the year for the benchmark since 2017. The STI generated a total return of 11.9% over the first half of 2021, ranking among the strongest three Asia-Pacific benchmarks.
Photo: Bloomberg
