Meanwhile, for the month, the exchange reported a securities daily average value (SDAV) rise of 6% y-o-y in May to $1.3 billion, and total securities market turnover value increased 1% y-o-y to $26.9 billion.
The Straits Times Index (STI) grew 1.6% m-o-m to 3,894.61. This is in contrast to the SGX’s April performance, which saw SDAV rising 59% y-o-y and 30.3% m-o-m to $1.93 billion, the highest since March 2020, and total securities market has increased by 59.5% y-o-y and 36.88% m-o-m to $40.59 billion.
The market turnover value of exchange-traded funds (ETF) increased 22% y-o-y in May to $376 million as market participants continued to favour safe-haven and higher dividend-yielding stocks.
The SPDR Gold Shares ETF recorded its 12th consecutive months of gains, bringing net inflows over the one-year period to $500 million, while net inflows into the two STI ETFs crossed $60 million in May – the highest since September 2020.
See also: SGX's SDAV for July up 27% y-o-y to $1.47 bil
Derivatives daily average volume (DDAV) rose 11% y-o-y in May to 1.3 million contracts, with total derivatives traded volume up 6% y-o-y at 25.4 million contracts on the back of heightened institutional risk management.
SGX FTSE China A50 Index Futures was a standout, with traded volume climbing 4% y-o-y to 7.8 million contracts. The SGX Equity Derivatives bellwether is the world’s most liquid international futures contract for Chinese equities.
Finally, petrochemicals derivatives traded volume more than doubled y-o-y in May to the equivalent of 4.4 million metric tonnes (MT), with monthly average OI surpassing 3 million MT as physical cargo prices rebounded. On May 13, SGX Commodities cleared a single-day petrochemicals volume record of 0.5 million MT.
Shares in SGX closed 28 cents lower or 1.953% down at $14.06 on June 9.
