After a volatile quarter, the Singapore Exchange Group (SGX) reported y-o-y double-digit gains in June for securities turnover and derivatives volume.
During the month, securities market turnover value increased by 23% y-o-y but fell by 3.29% m-o-m to $26.01 billion. Securities daily average value (SDAV) rose by 12% y-o-y but fell by 7.96% m-o-m to $1.24 billion.
From July 2024 to June 2025, which spans SGX’s financial year (FY2025), the exchange’s securities turnover grew by 28% y-o-y to $336.4 billion while SDAV increased by 27% y-o-y to $1.3 billion.
FY2025 securities market turnover value for the SGX Mainboard rose by 27.78% y-o-y to $310.6 billion, while securities market turnover value for the Catalist board rose by 11.8% y-o-y to $1.3 billion.
Cash SDAV increased by 27% y-o-y to $1.3 billion, which marked the highest in four years and outperformed the SGX’s Asean peers by pace of growth.
Singapore’s stock market remained among the region’s most actively traded. The benchmark Straits Times Index (STI) rose by 1.8% m-o-m in June to 3,964.29. The STI closed at above the 4,000 point mark for the first time on July 2.
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In FY2025, the STI delivered 19% returns. Reinvested dividends would have boosted the index’s total returns to 25%.
In derivatives, traded volume rose by 17% y-o-y and 2.95% m-o-m to 26.1 million contracts in June. Derivatives daily average volume (DDAV) gained 9% y-o-y and 0.51% m-o-m to 1.3 million contracts.
In FY2025, total derivatives volume rose by 17% y-o-y to 315.8 million contracts while DDAV rose by 17% y-o-y to 1.3 million contracts.
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SGX’s commodities also had a good year with total derivatives traded volume up by 6% y-o-y to a record 65.3 million lots. This was due to broad-based gains across the benchmark iron ore, SGX SICOM rubber, petrochemicals and dairy contracts. In June, commodities’ total derivatives traded volume rose by 14% y-o-y to 5.8 million contracts in June.
On SGX equity derivatives, the bourse’s enhanced overnight orderbook quality increased T+1 volume by 37% y-o-y to 27.1 million contracts in FY2025. This brought the total traded volume up by 10% y-o-y to 175.7 million contracts.
The SGX FTSE China A50 Index Futures reported a 28% y-o-y increase in traded volume to 8.6 million contracts in June. Open interest for the product reached a single-day record of 1.3 million lots (US$17.8 billion or $22.8 billion notional) on June 26. For FY2025, contract volumes climbed to a record-high 457,672 lots.
In foreign exchange (FX), total FX futures traded volume increased by 50% y-o-y in June to 6.7 million contracts, bringing its FY2025 figure to 40.6 million contracts or 55% up y-o-y.
In June, SGX’s USD/CNH (or the US dollar and the offshore Chinese renminbi) FX futures volume increased by 45% y-o-y to 3.5 million contracts. SGX Indian rupee (INR)/USD FX futures volume gained 39% y-o-y to 2.4 million contracts. SGX Taiwan dollar (TWD)/USD full-sized futures saw DAV of US$48 million, marking the contract’s highest since its 2020 debt. The product saw a single-day volume record of US$126 million on June 27.
Over-the-counter (OTC) FX average daily volume (ADV) expanded by 28% y-o-y in FY2025 to a record US$143 billion.
SGX’s exchange-traded funds (ETFs) and total assets under management (AUM) for its Singapore depository receipts (SDRs) also saw new highs. The market turnover value of ETFs surged by 66% y-o-y in June to $453 million. ETF AUMs gained 32% y-o-y to cross $14 billion for the first time.
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Gold and Singapore dollar (SGD) fixed income ETFs recorded combined inflows of $250 million.
AUMs for SDRs crossed $100 million after including new Hong Kong and Thai underlyings in June.
As at June 30, SGX has a total of 608 listed securities, down from 612 in May and 623 in June 2024.
Shares in SGX closed 18 cents lower or 1.16% down at $15.41 on July 9, but has gained more than 60% in the past 12 months. It is now trading at a level last since in November 2007.
