Trading in securities up in June but down for full-year, derivatives market continues strong growth: SGX

Pedestrians walk past the SGX Centre, which houses the Singapore Exchange headquarters, in Singapore.
Pedestrians walk past the SGX Centre, which houses the Singapore Exchange headquarters, in Singapore.PHOTO: BLOOMBERG

SINGAPORE - Trading in securities, derivatives and commodities on the local bourse jumped last month, Singapore Exchange (SGX) said on Monday.

The total trading value for securities rose to $25 billion in June, up 20 per cent year-on-year and up 8 per cent month-on-month. The daily average trading value was $1.2 billion, also up 20 per cent from last year and 8 per cent from the previous month.

There were 37 bond listings, raising $12 billion, down from 45 issues raising $21 billion a year ago, and one share listing raising $11 million versus $10 million raised in two listings a year earlier, SGX said.

For the derivatives market in June, trading volume jumped 152 per cent from a year ago and 41 per cent from the previous month to 22 million contracts. The daily average volume was 1 million contracts, up 144 per cent year-on-year and 31 per cent month-on-month.

However, for financial year 2015 ended June 2015, turnover in the securities market declined 4 per cent to $274 billion, while the daily average value traded was 4 per cent lower at $1.1 billion, according to the exchange.

For derivatives trading in FY15, total volume grew 55 per cent to 161 million contracts, led by a 60 per cent increase in equity index futures trading to 146 million contracts. Daily average volume was 658,834 contracts, up 55 per cent.