SGX sees trading volume grow across all business segments in September

Singapore Exchange headquarters in Singapore. PHOTO: BLOOMBERG

SINGAPORE - The Singapore Exchange (SGX) saw further volume growth across all its key business segments last month, the bourse said in a report on Friday (Oct 9).

Despite the market weakness and fewer trading days, total securities turnover grew 7 per cent year-on-year to $22.5 billion in September. Daily average value also rose 18 per cent to $1.1 billion.

The period also saw the arrival of a new listing, TLV Holdings Limited on Catalist. This pushed the number of listed companies to 772, combining a total market value of $876 billion as of September.

The new listings debuted in Singapore this year have been mostly on the Catalist board. So far this year, $185 million has been raised from new listings on Catalist, up 53 per cent compared with last year.

In the derivatives segment, total derivatives volume was 14.1 million in September, up 33 per cent year-on-year. This came on the back of yet another active month for FTSE China A50 Index Futures, which rose 49 per cent year-on-year in volume to 5.8 million contracts. Nikkei 225 Index Futures volume was up 9 per cent to 2.8 million contracts.

Meanwhile, SGX's commodities business was resilient against the global commodity crunch, with SGX AsiaClear derivatives volume surging 151 per cent year-on-year in September.

Iron Ore Futures volume also rose 194 per cent year-on-year to 726,480 contracts, but SICOM Rubber Futures - the world's benchmark for physical rubber - was flat in the month compared with last year.

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