For the month of January, derivatives traded volume climbed 3% m-o-m to 23.9 million contracts, with derivatives daily average volume (DAV) up 14% m-o-m at 1.24 million contracts.
Securities market turnover value gained 4% m-o-m to $20.8 billion, with securities daily average value (SDAV) up 9% m-o-m at $1.04 billion.
The SGX remained the most liquid derivatives venue in Asia during the Lunar New Year period, as the DAV of global benchmark SGX FTSE China A50 Index Futures rose 21% m-o-m in January to 470,495 lots (US$6.1 billion notional).
The volume in the SGX FTSE Taiwan Index Futures surged on news of DeepSeek’s low cost AI model, resulting in DAV being 6% higher at 23,597 lots. In January, DAV during the overnight session was 27,807 lots, 21% higher than the average in 2024, while the total volume increased 17% m-o-m to 1.33 million contracts.
See also: SGX securities market turnover value increases by 59.5% y-o-y to $40.59 bil in April
Ahead of the Reserve Bank of India’s upcoming monetary policy announcement in February, global investors geared up to manage currency risk on SGX FX. The SGX INR/USD FX Futures traded volume jumped 53% y-o-y in January to 1.92 million contracts (US$44.4 billion notional), an all-time high, with a single-day T-session record of 184,962 lots (US$4.29 billion notional) achieved on Jan 24.
Meanwhile, heightened geopolitical uncertainty fuelled activity in petrochemicals traded volume on SGX Commodities, which rose to an all-time high of 2.43 million metric tonnes in January, up 42% y-o-y.
This was driven by records for both paraxylene (PX) and benzene (BZ) contracts. The DAV of SGX SICOM rubber derivatives – the global pricing bellwether for natural rubber – gained 35% y-o-y to 15,155 contracts, on the back of an increasingly diverse participant base.
The STI for the month advanced 1.8% m-o-m to 3,855.82, against declines for peer indices across Asean, with cash SDAV increased 8% m-o-m to $1 billion, with growth in trading activity across all client segments led by REITs and index stocks.
Finally, the SGX saw a market turnover value of exchange-traded funds (ETF) climbing 13% m-o-m in January to $324 million, while turnover of structured warrants and daily leverage certificates (DLC) gained 40% m-o-m to $431 million.
ETF assets-undermanagement (AUM) grew 25% y-o-y to a record $13.3 billion during the month, with the SPDR Gold Shares, CSOP iEdge SEA+ TECH ETF and NikkoAM Singapore STI ETF among the top three ETFs by net inflows.
The AUM of the seven north-bound and south-bound listings under Singapore’s ETF links with Shanghai and Shenzhen crossed $639 million, up from $252 million a year ago.
Shares in SGX closed 9 cents higher or 0.657% up at $13.79 on Feb 11.
