SGX securities activity drops 10% in April

The securities daily average value for last month declined to S$1.2 billion.

Securities turnover was 27% lower year-on-year at S$23.5 billion.

In a statement, the bourse said today that while derivatives and clearing volumes grew in April from a year earlier, securities activity declined.

Catalyst turnover, meanwhile, was S$998 million, six times that of a year earlier and up 61% from March 2012.

Daily average outstanding loans under the securities borrowing and lending programme totalled S$26.9 million, up 39% from a year earlier.

Bond issues totalled 37 raising S$17.4 billion versus 38 issues raising S$18.6 billion a year earlier.

The biggest issues were Indonesia’s US$2 billion 10-year note, Korea National Oil Corporation’s US$1 billion five-year note and Samsung Electronics America Inc’s US$1 billion 5-year note.

For derivatives, volume rose 29% year-on-year to 6.3 million contracts while daily average volume (DAV) grew 28% to 322,213 contracts. On a month-on-month basis, DAV fell 9%. 

Volume of commodity contracts cleared grew 40% year-on-year to 13,974 contracts; iron ore swaps volume more than doubled to 7,646 contracts and sub-bitumen coal swaps activity also more than doubled to 635 contracts.

Volume of interest rate swaps cleared rose 11% year-on-year to S$45.7 billion, bringing the cumulative volume since the November 2010 launch to S$258.4 billion. Volume of new IRS transactions cleared doubled to S$11.3 billion from a year earlier.