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SGX total securities market down by 5.79% y-o-y in April to $25.43 bil

Felicia Tan
Felicia Tan • 2 min read
SGX total securities market down by 5.79% y-o-y in April to $25.43 bil
The SGX office. Photo: Bloomberg
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The Singapore Exchange (SGX) reported total securities market turnover of $25.43 billion for the month of April over 20 trading days.

According to the latest monthly market statistics released on May 12, the amount represents a 5.79% y-o-y and 28.86% q-o-q decline in April 2021 and March 2022 respectively.

April 2021 had a total of 21 trading days while the month of March had a total of 23 trading days.

In cash equities, securities daily average value (SDAV) fell 1.09% y-o-y and 18.21% q-o-q to $1.27 billion.

The total traded volume for derivatives climbed 18.88% y-o-y and fell 20.97% q-o-q to 20.8 million during the month.

Derivatives daily average volume (DDAV) rose 25% y-o-y and fell 6.54% q-o-q to 1.1 million contracts.

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The total market turnover value of exchange-traded funds (ETF) stood at $454 million, up 43.22% y-o-y and down 31.52% q-o-q.

The market turnover value of structured warrants and daily leverage certificates (DLC) jumped 134% y-o-y in April to $797 million. On a q-o-q basis, the value fell 37.10% from $1.27 billion in March.

Equity index futures volume climbed 23% y-o-y but fell 17.86% q-o-q to 15.1 million contracts.

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Foreign exchange (forex) futures volume increased 27% y-o-y and 0.27% q-o-q to 2.8 million contracts – the highest since March 2021.

During the month, the SGX FTSE China A50 Index futures gained 37% y-o-y but fell 17.97% q-o-q in April to 9.1 million contracts.

SGX USD/CNH Futures volume rose 58% y-o-y but fell 0.84% q-o-q to 1.2 million contracts, while iron ore volume climbed 3% y-o-y to 1.8 million contracts.

SGX Nifty 50 Index futures traded volume increased 14% y-o-y but fell 9.28% q-o-q to 2.4 million contracts.

SGX INR/USD Futures volume were up 9% y-o-y and up 2.25% q-o-q at 1.5 million contracts.

Commodity derivatives traded volume stood at 2.1 million contracts in April, easing as market volatility normalised from recent months.

Shipping derivatives remained a standout as continued uncertainty over the crisis in Ukraine stoked hedging activity, with record-high open interest in forward freight agreement (FFA) options.

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The pioneering SGX-NZX dairy derivatives suite also gained traction, with both traded volume and open interest notching new highs during the month.

The amount issued from 133 new bond listings on SGX Fixed Income, increased 31% y-o-y to $49.2 billion in April.

As at end-April, the total market capitalisation value of 668 listed companies stood at $910.68 billion.

Shares in SGX closed 11 cents higher or 1.17% up at $9.50 on May 12.

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