February SDAV up 30% to $1.4b

Total securities market turnover value soared 44% YoY to $27.5b.

SGX’s securities daily average value (SDAV) jumped 30% YoY in February to $1.4b, despite the 4.4% decline in returns of the Straits Times Index (STI) or -6.5% in US dollar terms, according to the stock exchange.

Likewise, total securities market turnover value soared 44% YoY to $27.5b in February, whilst market turnover value of exchange-traded funds (ETF) on SGX skyrocketed 245% YoY in February to $356m, the highest since August 2018.

Diversification across multiple asset classes boosted the ETF market amidst the volatility. Combined trading turnover for “safe haven” assets such as gold and bond ETFs was at $169m, up six times YoY.

SGX’s leveraged products segment, comprising structured warrants and daily leverage certificates (DLC), continued to draw strong market participation as the number of monthly active participants climbed 55% YoY, whilst the outstanding value of leveraged products held jumped three-fold.

Total equity and debt fundraising reached $75.6b in February up 75% YoY. During the month, UK-focussed Elite Commercial REIT got listed in SGX, as well as Russia-based agri firm Don Agro International. Both opened above their respective initial public offering (IPO) prices and have continued to trade higher.

Meanwhile, SGX derivatives daily average volume (DDAV) in February, which also includes equities, FX and commodities, rose to 1.24 million contracts– the highest on record.

Total volume for the month was up 32% YoY at 24 million contracts, whilst equity index futures volume climbed 26% YoY to 17.8 million contracts and FX futures volume gained 52% YoY to 2.4 million. Lastly, commodity derivative volume jumped 64% YoY to 2.4 million.