SGX securities turnover value falls 6% to S$28.6 billion in May

TOTAL market turnover value on the Singapore Exchange (SGX) fell 6 per cent year on year to S$28.6 billion in May, as total market turnover volume dropped 11 per cent to 31.5 billion securities.

While the total market turnover volume was nearly 5 per cent lower than the month before, total market turnover value increased 12 per cent month on month.

Securities daily average value was at S$1.5 billion in May, down 6 per cent year on year but up 18 per cent month on month.

In its monthly statistics report for May released Friday (Jun 10), SGX noted that smart electric vehicle player NIO Inc, which made its debut with a secondary listing on the mainboard last month, had an average daily turnover value of S$2.3 million – the highest trading activity on record for a listing by introduction.

The benchmark Straits Times Index has gained 3.5 per cent in the year to date, with reinvested dividends boosting the total return to 5.6 per cent.

The market turnover value of exchange-traded funds stood at S$353 million in May, down 9 per cent year on year and 22 per cent lower than the month before.

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Meanwhile, derivatives-traded volume grew 23 per cent year on year in May to 22.3 million contracts, with derivatives daily average volume up 19 per cent on the year.

“Derivatives volume rose amid broad optimism over China’s economic recovery alongside higher volatility in global markets,” SGX said.

Shares of SGX closed 0.5 per cent or S$0.05 lower at S$9.67 on Friday, before the announcement.