The Singapore Exchange Group (SGX) saw the bellwether Straits Times Index (STI) gaining 2.2% m-o-m, taking y-t-d calendar gains to 19% and total returns to 25% for November.
In the month, turnover surged 18% y-o-y to $35.5 billion, the best traded value since April, according to the group. The exchange’s securities daily average value (SDAV) grew 24% y-o-y to $1.8 billion.
SGX’s cash SDAV rose 19% m-o-m to $1.7 billion on interest in index stocks and REITs.
The exchange saw two listings this month – Yangzijiang Maritime Development and Coliwoo Holdings.
It also welcomed three new Singapore Depository Receipts (SDRs) with Hong Kong-listed counters underlying, taking the suite of SDRs to 29.
Commodity derivatives traded volume climbed 6% y-o-y in November to 5.3 million contracts, and the benchmark iron ore derivatives volume gained 9% y-o-y.
Petrochemical derivatives volume doubled y-o-y to 16,469 lots due to upstream price movements and a steady growth in market participation. Forward freight derivatives volume rose 9% y-o-y to 197,091 lots, as the commodities suite remained on a growth path.
SGX saw Bitcoin and Ethereum perpetual futures for institutional-only trading chalking up credible volume in their first week of trading following their Nov 24 launch.
Activity was on an upward trend each day with an average US$100 million notional traded weekly and both TradFi and Crypto Native players participated in the market.
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A total of 48 bonds raising $16.6 billion were listed, 30% more listings y-o-y though the total amount raised declined 29% y-o-y.
Shares in SGX closed 6 cents higher or 0.361% up at $16.70 on Dec 10.
