TOTAL market turnover value on the Singapore Exchange : S68 0% (SGX) in July slipped by 28 per cent to S$18 billion year on year (yoy), as total market turnover volume dropped 37 per cent to 20.4 billion shares.

Comparing month on month, total market turnover value fell 30 per cent, while total market turnover volume dropped 36.8 per cent, according to SGX data released on Thursday (Aug 11).

Securities daily average value was at S$901 million in July, down 22.7 per cent from June and 25 per cent yoy. On the other hand, securities daily average volume fell 30.5 per cent month on month to 1 billion securities, and sank 34 per cent yoy.

The exchange noted that the amount issued from 176 new bond listings totalled S$45.9 billion in July — the highest since April on SGX Fixed Income. Highlights for the month include: a US$1.9 billion 3-tranche senior notes offering by Nomura, NTT Finance’s US$1.5 billion 3-tranche green bonds, TSMC Global’s US$1 billion dual-tranche bond offering, as well as Housing & Development Board’s S$1.1 billion 5-year green bond.

The benchmark Straits Times Index advanced 3.5 per cent month on month to 3,211.56 in July, up 5.6 per cent year to date.

The market turnover value of exchange-traded funds (ETFs) stood at S$336 million for July, down 40 per cent yoy and 9.9 per cent lower than the month before. ETF market turnover volume fell 35 per cent on the year to 179 million shares, from 245 million shares in June 2021.

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Separately, derivatives-traded volume across multiple asset classes rose 1 per cent yoy in July to 20.5 million contracts, with derivatives daily average volume up 4 per cent.

SGX shares traded 0.1 per cent lower, or S$0.01, at S$9.84 as at 3.33 pm.