THE turnover value of the securities market on the Singapore Exchange (SGX) shed 11 per cent to S$21.1 billion in June, from June 2023.
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 in 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 shifted.
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