Securities daily average value (SDAV) traded in June was up 14% m-o-m to $1.2 billion, and up 2% y-o-y, while total securities market turnover value was 3% higher m-o-m at $23.7 billion, says the Singapore Exchange on July 12, in its monthly update.
The benchmark Straits Times Index (STI) advanced 1.5% in June to 3,205.91 points. For January to June 2023, reinvested dividends boosted the STI’s total return to 1.2%.
The market turnover of structured warrants and daily leverage certificates expanded 31% m-o-m in June to $776 million, on the back of elevated volatility in Hong Kong equities.
Singapore Depository Receipts (SDR) marked the first month of trading, offering investors an opportunity to gain exposure to some of Thailand’s largest blue-chip companies such as Airports of Thailand, CP All and PTT Exploration & Production - all of which are constituent stocks of Thailand's benchmark index.
In addition, due to "heightened risk-management activity", forex volume reached new records, while commodities volume in the first half of the year surged over the same period in 2022.
In June, the combined average daily volume (ADV) of FX futures and over-the-counter (OTC) FX contracts from BidFX, MaxxTrader and SGX CurrencyNode increased by 12% m-o-m to go above US$100 billion for the first time, says SGX.
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Big gainers include the SGX USD/CNH Futures, which increased by 16% m-o-m, as ADV hit a record-high 98,000 lots or US$9.8 billion notional. SGX INR/USD Futures, meanwhile, saw its trading volume up 11% m-o-m.
For January to June 2023, FX futures traded volume totalled 18 million contracts, up 13% from the same period in 2022. This was led by a 44% y-o-y growth in the volume of SGX USD/CNH Futures – the world’s most widely traded international RMB futures contract, says SGX.
Total derivatives traded volume in June across multiple asset classes climbed 4% m-o-m to 21.3 million contracts, the highest in three months.
