The Singapore Exchange S68 (SGX) had a total of 622 listed securities as at August this year, lower than the 637 listed securities in the same month last year.
Of the 622 companies, 415 are on the exchange’s Mainboard; 388 of them are primary listings while 27 are secondary listings. There were no initial public offerings (IPOs) this month, compared to the one IPO in July. There were also no delistings. Year-to-date there have been nine delisting from the mainboard, and no IPOs.
In August 2023, the Mainboard had 430 listings, of which 403 were primary listings while 27 were secondary listings. There were two delistings during the month. In 3QFY2024, there was one delisting while 3QFY2023 saw nine delistings.
The SGX Catalist has remained constant, with 207 primary listings from August 2023 to 2024, with one IPO in 3QFY2024.
In SGX securities, market turnover value stood at $28.76 billion, 22% higher y-o-y and 8.4% up m-o-m. Securities daily average (SDAV) stood at $1.37 billion, 27.8% higher y-o-y and 18.8% up m-o-m. Retail investors’ net purchases reached $685 million, which was the highest in 10 months. According to SGX, this growth can be attributed to both institutional and retail clients and across stock sectors. Singapore’s stock market was regularly the most actively traded over the first five trading days of August. The benchmark Straits Times Index (STI) year-to-date (ytd) returns are at 6.7% despite the benchmark falling 0.4% month-on-month to 3,442.93 points.
SGX USD/CNH foreign exchange (FX) futures traded volume increased 25% y-o-y in August, reaching 3.4 million contracts and raising total future volume on SGX FX by 33% y-o-y. DAV of SGX KRW/USD FX Futures grew to a record high of 17,483 lots, representing a 66.5% increase m-o-m. This is a result of the impact that the yen carry trade unwind has on other funding currencies.
See also: Can SGX afford to wait up to a year for reforms?
In August 2024, the SGX Nikkei 225 Index Futures volume grew 8% both m-o-m and y-o-y to 933,551 contracts. GIFT Nifty derivatives traded volume increased 18% year-on-year, reaching 2 million contracts, with month-end open interest reaching a record 293,258 lots (US$15 billion or $19.54 billion notional).
On SGX commodities, total derivatives traded volume grew 20% y-o-y in August reaching 6.1 million contracts. Given greater hedging demand, there was an increase in bellwether iron ore, petrochemicals and SICOM rubber contracts. Petrochemicals volume grew 91% y-o-y to 2.35 million metric tonnes while open interest (OI) in dairy derivatives had an average of 163,058 contracts.
As at 12.41pm, shares in SGX are trading 14 cents higher or 1.29% up at $11.01.
