SGX securities turnover value falls in June as volumes dip 19%
Singapore’s cash equities market outperforms its South-east Asian peers in Q2
THE turnover value of the securities market on the Singapore Exchange (SGX) shed 11 per cent to S$21.1 billion in June, from June 2023.
This came as volumes fell 19 per cent on year to 23.6 billion shares traded, based on market statistics posted by SGX on Friday (Jul 5).
The bourse operator observed “robust” trading activity in foreign exchange (FX) and commodity derivatives during the month, while the Republic’s cash equities market outperformed its South-east Asian peers in the second quarter.
Total derivatives traded volume was up 5 per cent on year to 22.4 million contracts, with daily average volumes up 13 per cent year on year to 1.2 million contracts.
Commodities trading activity also experienced a boost, with commodity derivatives traded volume rising 30 per cent year on year to 5.1 million contracts, led by iron ore derivatives and SGX Sicom rubber futures.
FX futures, meanwhile, recorded a 35 per cent boost in trading volume to 4.5 million contracts on hedging activity as expectations for interest rate cuts shifted.
BT in your inbox
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
Securities daily average value for June stood at S$1.1 billion, down 7 per cent from the corresponding period last year, coinciding with a 15 per cent drop in volume to 1.2 billion shares.
SGX noted that the Straits Times Index (STI) grew 3.4 per cent from the previous quarter to 3,332.8. Reinvested dividends increased the STI’s total return to 9 per cent.
The market turnover value of exchange-traded funds (ETFs) rose 23 per cent year on year to S$272 million, although volumes slipped by 1 per cent to 166 million shares.
Notably, the turnover of fixed income ETFs advanced 59 per cent year on year, on the back of increased trading in the iShares Asia USD High Yield Bond ETF.
Copyright SPH Media. All rights reserved.
