SGX securities turnover value falls 11% to S$26.8b in June

TOTAL market turnover value on the Singapore Exchange (SGX) fell 11 per cent on the month to S$26.8 billion in June, while securities daily average value stood at S$1.22 billion.

Market turnover value of structured warrants and daily leverage certificates almost doubled month on month to S$613 million, SGX said in its monthly market statistics report on Monday.

Although the Straits Times Index (STI) fell 1.1 per cent in the second quarter, it was the strongest first six months of the year for the benchmark since 2017. The STI had generated a total return of 11.9 per cent for the period, ranking among the stronger three Asia-Pacific benchmarks, SGX said.

Secondary fundraisings also climbed to their highest amount in the year at S$7.5 billion. For new bonding listings on SGX, the amount issued from 81 new listings rose 51 per cent on the month to S$36.4 billion, from 59 bond listings and S$24.1 billion issued in May.

Meanwhile, increased risk-management demand drove a 5 per cent month-on-month rise in derivatives traded volume, which hit a three-month high in the month.

The bourse's suite of pan-Asia benchmark equity derivatives increased 4 per cent on the month in June to 13.5 million contracts. SGX also launched the SGX Nikkei ESG-REIT Index Futures, the world's first ESG Reit derivatives.

Commodity derivatives traded volume on SGX advanced 12 per cent on the year to 2.2 million contracts in June, buoyed by a 9 per cent year-on-year gain in iron ore derivatives. Price volatility continued to spur hedging demand in the physical markets, SGX said.

Shares of SGX were trading 0.5 per cent or S$0.06 higher at S$11.22 as at 2.35pm on Monday.