, Singapore

Securities trading soars while derivatives falter in August

Daily average traded value jumped 35%.

The local bourse saw an increase in securities trading last month, according to latest data from the Singapore Exchange (SGX).

Total turnover was $28.1 billion, up 16% month on month and 34% year on year. Meanwhile, daily average traded value was $1.5 billion, up 35% month on month and 49% year on year.

Trading of STI stocks represented 74% of total trading value, compared to 66% in July 2015 and 57% in August 2014.

There were 23 new bonds listed in August, raising $7.4 billion, with foreign issuers accounting for 74% of the bond listings.

There were 2 new listings in August on Catalist, raising $40 million, bringing the total number of listed companies on Catalist to 164 and total market capitalisation of $8.9 billion. Year to date, $168 million has been raised from new listings on Catalist.

The derivatives segment saw a sharp month-on-month decline, with derivatives volume slipping 21% to 17.0 million contracts. On a year-on-year basis, derivatives volume grew 82%.

FTSE China A50 Index futures remained the most active contract with volume of 8.4 million, down 40% month on month but up 127% year on year.
 

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