Singapore Exchange (SGX) has reported growth in derivatives and commodities activities in May from a year earlier but a decline in securities trading.
Securities turnover was USD23.0 billion, down 2 per cent year on year and 13 per cent month on month. Daily average value of trading was USD1.1 billion, down 2 per cent year on year and 9 per cent month on month. May had 20 trading days while April had 21.
Total market capitalisation was USD1.05 trillion, up 3 per cent from a year earlier and unchanged month on month.
A total 38 bonds raising USD14.6 billion were listed in May, including the USD500 million retail bond from Frasers Centrepoint Limited. The biggest bond listed was Perusahaan Penerbit SBSN Indonesia’s USUSD2 billion trust certificate.
Derivatives volume was 15.4 million contracts, up 89 per cent from a year earlier but down 4 per cent month on month. Equity index futures volume more than doubled year on year to 14.1 million contracts but was 4 per cent lower from April.
The FTSE China A50 futures was the most active contract, achieving record average daily volume of 450,899 contracts. Total volume for the contract more than tripled to 9 million contracts from a year earlier.
The CNX Nifty futures achieved volume of 1.8 million contracts, up 2 per cent year on year while the volume of the Nikkei 225 futures was 1.4 million contracts, down 6 per cent year on year.
The INR/USD futures was the most active among FX futures with record volume of 253,296 contracts.
Volume of cleared OTC Interest Rate Swaps was USD4.0 billion, down 41 per cent year-on-year and 70 per cent month-on-month.
Volume of traded or cleared commodities totalled 581,476 contracts, more than double that of a year earlier but 10 per cent lower month on month.
Volume of iron ore derivatives more than doubled to 497,611 contracts from a year earlier but was 12 per cent down from April.
Volume of SICOM rubber futures, the world’s price benchmark for physical rubber, doubled to 68,469 contracts year on year and grew 32 per cent month on month.
