SGX daily average value rose 15% to $960m in December

REITs and property trusts took up almost a quarter of the value.

Securities daily average value (SDAV) in Singapore’s equities market climbed 15% YoY to $960m, a statistics report by SGX revealed. With that, the total securities market turnover value jumped 20% to $20.2b for the month.

For 2019, the benchmark Straits Times Index (STI) ended at 3,222.8, generating a 9.4% total return of price appreciation and dividend payouts.

With multiple mergers, key index inclusions, placements and rights issues totalling $7.7b, REITs and property trusts contributed 24% of the SDAV. Most stock sectors recorded gains.

Also read: Securities' daily average grew 28% to $1.26b in November

Market turnover value of exchange-traded funds (ETF) expanded 24% MoM to $152m December, on the back of the growing use of robo-advisory services launched by market players in recent months.

At the same time, secondary fundraising surged 322% YoY to $1.67b. For the full 2019, secondary fundraising on the exchange rose 20% to $7.4b, whilst primary fundraising soared 50% to $3.1b.

In the foreign exchange (FX) markets, the total FX futures volume traded on SGX rose 18% YoY to 2.07 million contracts during December. SGX USD/CNH Futures volume climbed 20% to 786,711 contracts, whilst SGX INR/USD Futures volume climbed 18% to 1.25 million contracts.

Total iron ore derivatives cleared on SGX leapt 29% YoY to 139.1 million metric tons in December, lifting the full-year tally to a record of almost 2 billion tons.