SGX securities turnover value climbs to $43.2b in April

Foreign exchange futures and commodities derivatives recorded continued trading growth.

Singapore Exchange Group (SGX) reported higher securities trading activity in April, with total securities market turnover value rising 6% year on year (YoY) to $43.2b during the month, according to its monthly statistics report.

Securities daily average value (SDAV) is also up 6% from a year earlier. Average daily traded volume increased 23% YoY to two billion shares.

The April figures followed stronger growth recorded in March, when securities market turnover value rose 25% YoY to $29.7b and SDAV reached $1.5b, which SGX said was the highest level since May 2022.

SGX said total securities market turnover volume stood at 40.6 billion shares in April, compared with 38.1 billion shares in March. Total market capitalisation rose to $1.12t from $1.1t in the previous month.

The number of listed securities slipped to 600 in April from 602 in March.

In derivatives, SGX reported continued activity across its foreign exchange products. SGX USD/CNH Futures recorded daily average volume of $33.22b (USD26b), whilst SGX INR/USD Futures posted daily average notional value of $5.49b (USD4.3b).

SGX KRW/USD Futures recorded a daily average value of $714.23m (USD559m) in April. The exchange said 56% of trading volume for the contract took place during overnight trading sessions.

Meanwhile, commodity derivatives open interest averaged 4.1 million lots from January to April, up 30% from the corresponding period last year, according to the exchange.

Separately, SGX said it partnered with Rand Merchant Bank to expand access to African currency liquidity through its foreign exchange platform.

The exchange also added Lloyds as a liquidity provider for institutional FX participants.

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