SGX daily average value of securities plunged to $927m

57 bonds were listed in November.

In a release, Singapore Exchange said derivatives trading and clearing activities grew in November from a year earlier while securities trading declined. The derivatives market also had a record-high open interest.

Value of securities traded was $19.5 billion, down 30% from $27.8 billion last year; daily average value of securities traded declined to $927 million from $1.3 billion. A total of 57 bonds raising $11.3 billion were listed.

The biggest debt listed was Singapore Housing Development Board’s $1.5 billion fixed rate notes due 2017. There were 3 new IPOs in November raising $2.7 billion.

Meanwhile, derivatives volume rose 23% year-on-year to 8.9 million contracts. Open interest at end-November rose 54% from a year earlier to a record 4.0 million contracts. 

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