SGX September securities turnover rises 27% as derivatives recover
Daily securities trading averaged S$1.9 billion, while derivatives volume increased from August but remained below its year-earlier level.
Singapore Exchange reported S$42.2 billion in securities turnover for September, a 27 per cent increase from a year earlier, across 22 trading days. The exchange operator said on Oct 12 that turnover nevertheless fell 2.5 per cent compared with August’s S$43.3 billion.
The daily average value of securities traded reached S$1.9 billion, rising 27 per cent from the same month a year earlier but falling 11 per cent from August. The benchmark STI ended September at 5,675.88 points after setting successive records in August, down 1 per cent over the month but up 32 per cent over the year.
Derivatives trading recovered from August, with 29.8 million contracts changing hands, an increase of 10 per cent. That volume was still 2 per cent below the year-earlier figure. Average daily volume rose 7 per cent from August to 1.40 million contracts and was unchanged from a year earlier.
Foreign exchange derivatives accounted for 9.6 million contracts, up 53 per cent from the previous September. SGX USD/CNH FX Futures volume increased 47 per cent to 4.87 million contracts, while SGX INR/USD FX Futures rose 59 per cent to 3.89 million contracts. SGX KRW/USD FX Futures (Mini) recorded 732,267 contracts, a 103 per cent increase.
SGX STI Futures volume more than doubled compared with August, reaching 75,477 contracts. SGX MSCI Singapore Index Futures recorded 1.07 million contracts, with open interest of 202,745 contracts at September’s end.
