TOTAL securities market turnover value on the Singapore Exchange (SGX) shed 11 per cent to S$21.1 billion in June compared with the same period a year ago.
This came as volumes fell 19 per cent on year to 23.6 million shares traded, based on market statistics posted by SGX on Friday (Jul 5).
The bourse operator observed “robust” trading activity in foreign exchange (FX) and commodity derivatives during the month, while the Republic’s cash equities market outperformed its South-east Asian peers during the second quarter.
Total derivatives traded volume was up 5 per cent on year to 22.4 million contracts, with daily average volumes up 13 per cent year on year to 1.2 million contracts.
Commodities trading activity also experienced a boost, with commodity derivatives traded volume rising 30 per cent year on year to 5.1 million contracts, led by iron ore derivatives and SGX Sicom rubber futures.
FX futures, meanwhile, recorded a 35 per cent boost in trading volume to 4.5 million contracts on hedging activity as expectations for interest rate cuts shift.
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Securities daily average value for June stood at S$1.1 billion, down 7 per cent from the same period last year, coinciding with a 15 per cent drop in volume to 1.2 billion shares.
SGX noted that the Straits Times Index (STI) grew 3.4 per cent from the previous quarter to 3,332.8. Reinvested dividends also increased the STI’s total return to 9 per cent.
The market turnover value of exchange-traded funds (ETFs) rose 23 per cent year on year to S$272 million, although volumes slipped by 1 per cent to 166 million shares.
Notably, the turnover of fixed income ETFs advanced 59 per cent year on year on increased itrading in the iShares Asia USD High Yield Bond ETF.
