The Singapore ExchangeGroup saw Korean won futures increase 143% y-o-y to a monthly record of 38,294 lots in May from the unprecedented volatility in the Taiwan dollar which spilled over to emerging Asia currencies, according to its May market performance report.
The daily average volume (DAV) of the SGX KRW/USD FX Futures grew to $685 million notional.
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 securities market turnover value increases by 59.5% y-o-y to $40.59 bil in April
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.
