SGX's securities market turnover for March jumped 78% y-o-y $52.8 billion, with securities daily average value (SDAV) up 62% y-o-y at $2.4 billion, or the highest since October 2007, thanks to both institutional and retail participation.
For context, back when the market was in a slumber before the marketing boosting measures, daily SDAV was as low as a quarter of this level.
For January-to-March, securities turnover climbed 32% q-o-q to $126 billion.
The exchange's derivatives business did well too, with its traded volume up 40% y-o-y 38.3 million contracts – a record high. Derivatives daily average volume was up 35% y-o-y at 1.8 million contracts.
For the January-to-March period, derivatives volume gained 16% q-o-q to 97.5 million contracts.
Despite the fighting in the Middle East which spooked numerous other regional markets, the Straits Times Index remained relatively resilient, outperforming most regional peers to maintain a 5.2% year-to-date gain.
See also: March of geopolitical tension, commodity chaos
In March, institutions net purchased into small- and mid-cap stocks for a third consecutive month, adding $218 million in March to take the 12-month tally to more than $600 million.
UI Boustead REIT was the only listing in March but total funds raised, including secondaries, reached nearly $1.4 billion - the most in six months.
SGX shares closed at $20.31 on April 9, just slightly off its record $20.60.
