SGX securities market volume plunges 27% in August

But four new listings raised $1.4b last month.

Singapore Exchange reported a year-on-year decrease in average daily value in the securities market in August. SGX securities average daily value was lower 27% year on year, but up 5% month on month.

Total traded value in August remained flat month-on-month at S$21 billion. Four new listings raised S$1.4 billion in August, which was more than two times the month before and tripled that of a year earlier.

A total of 32 bond listings raised more than S$8.2 billion in August, compared with 26 listings raising $5.5 billion a year earlier. Outstanding bonds listed on SGX remained as 1,773, up 19% year on year.

Here’s more from SGX:

Total derivatives volume in August was 9.4 million contracts, up 5% higher month on month and 9% year on year. The total volume of equity index futures was 8.7 million contracts, more than 6.5% increase month on month and 15% year on year.

SGX FTSE China A50 futures trading continued to grow in August with increased interest in the China A-share market. A record volume of 3.7 million contracts was traded, up 18% month on month and 112% year on year. This is more than US$1.2 billion in average daily turnover in notional value.

Higher participation was seen across all customers segments which include banks, proprietary trading firms, funds, asset management companies and individual traders. The contract’s open interest reached a high of 532,003 contracts on 25 August 2014, or approximately US$3.7 billion in notional terms.

Total Asiaclear volume was 189,040 contracts, up 10% month on month and more than triple the volume a year earlier.

Total volume of iron ore derivatives (futures, options and cleared swaps) was 178,381 contracts, 13% up month on month and more than three times the volume a year before.