SGX securities market turnover value declined 26% to $21.7b in January

Its securities daily average value fell 26% to $986m.

The Singapore Exchange’s (SGX) total securities market turnover value continued to decline after dropping 26% YoY but up 29% MoM to $21.7b in January, an announcement revealed.

Its securities daily average (SDAV) recorded a 26% YoY decline to $986m. On an MoM basis, it inched up 18%. Meanwhile, its market turnover value of Exchange Traded Funds (ETFs) dipped 6% MoM and 16% YoY to $214m, whilst the market turnover value of structured warrants and Daily Leveraged Certificates (DLCs) climbed 46% MoM. It remained unchanged on a YoY basis.

Also read: SGX securities market turnover value dropped 13% to $16.7b in December

The local bourse noted that January saw 54 new bond listings which raised $25.49b, whilst there was only 1 Catalist listing during the month that raised $13.2m.

In total, the market capitalisation value of 742 SGX-listed firms reached $963.98b as of end-January. SGX had 22 trading days in January compared to the 20 in December 2018 and 22 in January 2018.

Meanwhile, total derivatives volume was up 1% MoM and 3% YoY to 18.61 million, whilst SGX commodities derivatives volume surged 60% MoM and 53% YoY to 2.04 million. Iron ore derivatives volume reached 1.76 million, soaring 63% MoM and 57% YoY.