
SGX securities and derivatives grew strong in May
Double-digit spurts in turnover and value.
In a release, Singapore Exchange (SGX) revealed that its securities and derivatives activities grew in May both month-on-month and year-on-year.
Total securities turnover was S$37.3 billion, up 45% year on year and up 22% month on month. Daily average value was S$1.8 billion, up 52% from a year earlier and up 28% from April. Turnover across most types of securities increased; Singapore dollar-based Mainboard stocks turnover grew 44% year-on-year and up 24% month on month to S$33.9 billion. Bond listings almost tripled to S$21.9 billion. The biggest bonds listed included the EUR1.75 billion perpetual bond from Hutchison Whampoa Europe Finance and the 10- and 30-year bonds from Pertamina of US$1.625 billion each.
For derivatives, total futures and options volume was a record 11.0 million contracts, up 59% year on year and up 13% month on month. Volume hit a one-day record of 1.2 million contracts on 28 May. Daily average volume was 512,880 contracts, up 60% year on year and up 6% month on month. Nikkei futures volume doubled year on year to 4.8 million contracts and was up 22% month on month. Nikkei options volume almost quadrupled to a record 1.1 million contracts from a year earlier, and was up 12% month on month.
Meanwhile, China A50 futures volume more than doubled to 1.6 million contracts from a year earlier. Volume was also up 7% month on month. Month-end open interest doubled to 3.6 million contracts from a year earlier and was up 13% month on month. Volume of new OTC financial derivatives transactions cleared was S$6.8 billion, up 55% year on year but down 3% month on month.
The commodities market saw SICOM rubber futures volume reach 34,671 contracts, up 45% year on year and up 28% month on month. Volume of cleared OTC swaps and options doubled to a record 50,980 contracts from a year earlier and was up 21% month on month. Cleared iron ore swaps volume almost tripled to a record-high 40,970 contracts from a year earlier and was up 24% month on month.