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SGX February volumes down vs January, but higher than a year ago

The director activity was low last week with only eight companies recording 20 purchases worth S$4.6 million and no sales, based on filings on the Singapore Exchange from Feb 23 to 27.

THE Singapore Exchange (SGX) reported on Wednesday evening that trading volumes generally fell in February compared to January, but were higher than February a year ago.

The SGX noted that February 2015 contained 18 trading days compared to 21 days in January 2015 and 20 days in February 2014.

The average daily trading value of its securities was S$1.17 billion in February. This was up by 12 per cent year on year (y-o-y), but down 3 per cent month on month (m-o-m). Total trading value was up one per cent year on year to S$21 billion, but down 17 per cent from a month ago.

Traded value for Singapore companies was up compared to a year ago, but plunged where China companies were concerned.

On the securities side, there were no stock listings. There was also none in January, and in February a year ago. There were 29 bond listings, raising S$8.7 billion. This was down by 2 per cent y-o-y and 44 per cent lower m-o-m.

Derivatives average daily trading volume, meanwhile, rose 31 per cent year on year, but was down about 20 per cent m-o-m.

Total derivatives volume in February 2015 was 9.7 million contracts, up 21 per cent y-o-y and down about 34 per cent m-o-m. Open interest rose one per cent to 3.3 million contracts y-o-y and was up 5 per cent m-o-m.

SGX shares closed at S$8.04, down 10 Singapore cents or 1.2 per cent.