The Singapore Exchange (SGX) reported total securities market turnover of $29.57 billion over 18 trading days for the month of February.
According to the latest monthly market statistics released on March 10, the amount represents a y-o-y growth of 14.7% from the $25.78 billion over 19 trading days in February 2021.
The figure also represents a m-o-m growth of 16.5% from the $25.39 billion logged in January 2022.
In cash equities, securities daily average value (SDAV) climbed 21.1% y-o-y to $1.64 billion.
During the month, companies including Rex International Holding and Samudera Shipping Line were among the exchange’s top performers, as well as most active stocks.
Singapore-based integrated environmental services provider LS 2 Holdings joined the exchange’s Catalist board.
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On the derivatives front, derivatives daily average volume (DDAV) inched up by 0.138% y-o-y to 1.06 million contracts in February, the highest since March 2020. The surge in volume was attributable to the heightened price volatility and concern over inflation, which boosted risk-management activity.
Total derivatives traded volume climbed 5% y-o-y to 18.6 million contracts.
Equity index futures volume increased 5% y-o-y to 13.4 million contracts, which was led by a 33% gain in SGX Nifty 50 Index Futures volume. SGX MSCI Singapore Index Futures traded volume increased 10% y-o-y, while SGX Nikkei 225 Index Futures volume was up 4% y-o-y.
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Commodity derivatives traded volume on SGX rose 36% y-o-y in February to 2.5 million contracts.
The volume of benchmark iron ore contracts rose 41% y-o-y.
Forward freight agreements (FFA) volume climbed 31% y-o-y to a record 196,634 contracts, with FFA options volume also reaching a new high.
In foreign exchange (forex), SGX USD/CNH Futures traded volume gained 15% y-o-y in February to 823,524 contracts, as the CNH or offshore RMB is increasingly being adopted as a safe-haven currency on the back of the increased aversion to risk.
The SGX contract is also the world’s most widely traded CNH futures.
In February, open interest hit a record US$12.4 billion ($16.88 billion).
Total forex futures volume on SGX stood at US$107.8 billion, with month-end open interest up 56% y-o-y at US$13.9 billion.
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In February, the benchmark Straits Times Index (STI) slid 0.2% in February to 3,242.24 points. Its total return over the first two months of 2022, however, was 4%.
The index’s performance is compared to the 2.8% return for the FTSE ASEAN All-share Index, 4.5% decline for the FTSE Asia Pacific Index and a 6.6% drop for the FTSE All-World Index.
The market turnover value of structured warrants and daily leverage certificates (DLC) on SGX gained 17% m-o-m in February to $513 million.
As at end-February, the total market capitalisation value of 672 listed companies stood at $899.12 billion.
Shares in SGX closed 10 cents higher or 1.07% up at $9.45 on March 10.
Photo: Bloomberg
