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SGX up 0.8% as trading activity rises; derivatives business takes hit

Jeffrey Tan Published on Fri, Apr 28, 2017 / 11:11 AM GMT+8

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SINGAPORE (April 28): When we added Singapore Exchange to our portfolio on March 14, it was in anticipation of better performance by its equities and fixed-income business group. We have not been disappointed. On April 20, SGX reported its results for 3QFY2017 ended March 31. During the quarter, securities daily average value rose 1% y-o-y and 14% q-o-q to $1.24 billion. This was underpinned by increased market participation, with retail participation up 7% y-o-y and 18% q-o-q. Institutional participation was up 2% y-o-y and 14% q-o-q.

“This is the highest SDAV since 1QFY2013,” SGX CEO Loh Boon Chye tells the media and analysts at a recent briefing. “In the past quarter, we saw continued momentum in the equities market following the US presidential election, with increased participation seen from both retail and institutional customers.”

The local market also saw more new listings during the quarter. There were five equity listings, raising a total of $250.5 million, compared with four listings raising a total of $48.7 million in the same period last year. The number of new bond listings also rose to 189, raising $101.2 billion, versus 78, raising $38 billion in 3QFY2016.