The Singapore Exchange (SGX) reported total securities market turnover of $18.02 billion for the month of July over 20 trading days.
According to the latest monthly statistics released on Aug 11, the amount represents a 28.12% y-o-y decline from the $25.07 billion in July 2021.
On a m-o-m basis, July’s turnover value fell by 29.7%.
July 2021 had a total of 21 trading days, while June had a total of 22 trading days.
In cash equities, securities daily average value (SDAV) fell by 24.5% y-o-y to $901 million.
The lower securities market turnover and SDAV were due to stock investors being “broadly on the sidelines” for the most of July amid continued concern over the global economy. That said, SGX says the figures were more resilient compared to its peers in other regional markets.
The market turnover value of exchange-traded funds (ETF) fell 40% y-o-y to $336 million.
Derivatives traded volume rose 1% y-o-y to 20.5 million contracts with derivatives daily average volume (DDAV) up 4% y-o-y.
Commodity derivatives volume climbed 57% y-o-y to 3.6 million contracts, the highest since March.
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Benchmark iron ore derivatives volume gained 68% y-o-y to 3.3 million contracts on the back of heightened volatility.
The volume of SGX SICOM rubber futures, the world’s pricing bellwether for natural rubber, increased 18% y-o-y to 148,290 contracts.
On the foreign exchange (forex) front, forex futures volume on SGX FX rose 16% y-o-y to 2.5 million contracts or US$149 billion ($204.7 billion) on a notional basis.
The volume of SGX USD/CNH Futures climbed 34% y-o-y to 1.1 million contracts on increased risk management demand, as investors focused on China’s economic outlook.
SGX Equity Derivatives volumes fell by 9% y-o-y to 13.83 million contracts on reduced volatility.
SGX FTSE China A50 Index Futures volume dropped 17% y-o-y and SGX MSCI Singapore Index Futures volume fell 13% y-o-y. Among the gainers, SGX Nifty 50 Index Futures volume grew 13% y-o-y in July to 2.3 million contracts, while SGX Nikkei 225 Index Futures volume was up 7% y-o-y at 1.1 million contracts.
SGX-listed companies continued to tap the equity capital markets in July, with secondary fundraising of almost $2.05 billion, up 141% y-o-y, and the largest amount since June 2021. Mapletree Commercial Trust led with a rights issue, while four other companies successfully raised funds via placements.
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SGX also welcomed the secondary listing of Emperador on the Mainboard.
On SGX Fixed Income, Asia’s leading international bond marketplace, the amount issued from 176 new bond listings totalled $45.9 billion in July, the highest since April.
As at end-July, the benchmark Straits Times Index (STI) stood at 3,211.56 points, up by 3.5% m-o-m.
The total market capitalisation value of 662 listed companies stood at $883.64 billion as at end-July.
Shares in SGX closed flat at $9.85 on Aug 11.
