March SDAV up 114% to $2.2b

Total securities market turnover value skyrocketed 124% YoY to $48.2b.

SGX’s securities daily average value (SDAV) surged 114% YoY to $2.2b as returns in the Straits Times Index (STI) crashed 17.6%, according to an SGX report.

Likewise, total securities market turnover value skyrocketed 124% YoY to $48.2b in March, whilst market turnover value of exchange-traded funds (ETF) on SGX soared more than eight times YoY in March to $1.2b.

As of end-March, STI’s 30-day volatility jumped to 51.7%. This is said to be the highest level since December 2008, on par with regional markets.

SGX’s structured warrants and daily leverage certificates (DLC) climbed 76% YoY to $1.1b, whilst leveraged products continued to draw steady interest from traders seeking to capture short-term opportunities.

Total equity and debt fundraising reached $11b in March. United Hampshire US REIT joined the Mainboard as Asia’s first US grocery-anchored shopping centre and self-storage real estate investment trust, whilst water-treatment company Memiontec Holdings listed on the catalist.

Total volume for the month was up 41% YoY to about 33 million contracts, whilst equity index futures volume climbed 35% YoY to 25.2 million contracts and FX futures volume gained 58% YoY to 3 million contracts. Lastly, commodity derivative volume jumped 76% YoY to 3.1 million.