Singapore Exchange Group (SGX) reported a securities market turnover value of $29.7 billion for March, up 25% y-o-y; and the Straits Times Index (STI) rose above 4,000 for the first time in history.
The SGX’s securities average daily value (SDAV) for March came in at about $1.5 billion, up 25% y-o-y but remained the same from the previous month.
The average securities net clearing fee for the first quarter of 2025 was 2.58 basis points (bps).
Derivatives traded volume increased 14% y-o-y to 27.4 million contracts, as derivatives daily average volume (DAV) climbed 12% y-o-y to 1.3 million contracts.
The average net fee per contract for equity, currency and commodity derivatives for this first quarter was $1.31.
On March 28, the STI rose above 4,000 for the first time, and the STI gained 5% over the quarter topping stock benchmarks across Asean, the SGX notes. Small and mid-cap stocks continued to garner investor interest with another consecutive month of net institutional inflows in March.
See also: SGX-listed companies carry out third consecutive day of share buybacks
The SGX Securities broadened its offerings of Singapore Depository Receipts (SDR) with the launch of three Hong Kong underlyings, Xiaomi, Meituan and Ping An on March 5. It also deepened its collaboration with the Shanghai Stock Exchange with the listing of Lion-China Merchants CSI Dividend Index ETF on March 28.
For the first quarter 2025, combined turnover value of SDRs, daily leverage certificates, structured warrants and ETFs was up 13.6% from the previous three-month period at $3.6 billion.
For March, DAV of SGX MSCI Singapore Index Futures gained about 13% m-o-m to a notional US$1.8 billion on the back of strong buyside support, while month-end OI climbed to a notional US$6.4 billion.
See also: Singapore directors, CEOs, companies continue share buybacks amid global stock market shake up
The SGX also saw the best performing quarter for India equity derivatives, and a strong quarter for INR futures.
The dairy derivatives traded volume on SGX Commodities reached a single-day record of 31,000 lots on March 19 with the DAV for the month up 82% y-o-y at a new high of 4,484 lots.
Shares in SGX closed 23 cents higher or 1.951% up at $12.02 on April 8.
