October’s securities daily average (SDAV) rose by 36.5% y-o-y but fell by 15.4% m-o-m to $1.22 billion.
Total market capitalisation stood at $839.17 billion, 10% higher y-o-y but 1.63% lower m-o-m. October had 617 listed securities compared to the 620 listed companies in September and 897 listed companies in October 2023.
The benchmark Straits Times Index (STI) saw year-to-date gains of 9.8% as of October.
In October, SGX saw record derivatives with derivatives daily average volume (DDAV) up by 48% y-o-y to 1.58 million. Total traded volume climbed by 52% y-o-y to 31.3 million contracts with broad-based gains attributed to increased trading activity across multiple asset classes during China’s Golden Week holiday.
Equity index futures volume rose by 61% y-o-y to 19.9 million contracts while foreign exchange (FX) futures volume increased by 63% y-o-y to 5.32 million contracts. Meanwhile, commodity derivatives volume grew by 25% y-o-y to 5.58 million contracts.
The volume of SGX FTSE China A50 Index Futures also rose to an all-time high of 14.9 million contracts in October. DAV stood at a record 827,997 contracts while open interest reached a single-day record of 1.26 million contracts on Oct 8.
Commodities also saw higher volume in October. The volume of SGX SICOM rubber derivatives increased 64% y-o-y to 423,666 contracts amid heightened volatility and marked by a growing base of market participants. The DAV of bellwether iron ore derivatives reached 102,131 lots while DAV of SICOM rubber derivatives climbed to 15,139 lots – a record for Golden Week.
See also: Where's the liquidity?
Total foreign exchange (FX) futures traded volume gained 53% y-o-y to a notional US$362.7 billion ($479.55 billion) in October as US Treasury bond yields climbed. Volumes for SGX USD/CNH FX Futures rose by 50% y-o-y to 3.11 million contracts and a notional US$311.5 billion attributed to China’s measures to bolster economic stability following stimulus efforts in September. USD stands for the US dollar while CNH stands for the Chinese yuan.
SGX Indian rupee or INR/USD FX Futures volume increased 76% y-o-y to 1.75 million contracts while the DAV of SGX Korean won or KRW/USD FX Futures climbed 150% y-o-y to a record US$361 million notional, with open interest up 400% y-o-y at US$745 million.
As at 11am, shares in SGX are trading 12 cents higher or 1.05% up at $11.52.
