SGX securities average daily value plunged 34% in September

Two IPOs raised just $36m last month.

Singapore Exchange’s average daily value plunged 34% year-on-year in September, following a 27% year-on-year decline in August.

September saw a total of 50 new listings. Of which, two IPOs, YuuZoo Corporation on Mainboard and Versalink Holdings on Catalist, raised about S$ 36 million in total. This is a significant decline from August’s four new listings that raised S$1.4 billion

Total securities traded value in September increased by about 1% to over $21 billion. There were 48 bond listings that raised over S$23 billion in September, compared with 43 listings raising $22 billion a year earlier.

Here’s more from SGX:

Total derivatives volume in September was 10.6 million contracts, up 13% month-on-month and 18% year-on-year. The total volume of equity index futures was 9.7 million contracts, more than 12% increase month-on-month and 24% year-on-year.

SGX foreign exchange futures saw record volumes for the 3rd consecutive month, with over 100,000 contracts traded in September as rising FX market volatility increased hedging demand by investors. The SGX India Rupee currency (INR/USD) contract led the way with a 50% month-on-month increase to exceed US$130 million in daily notional trading turnover.

Total Asiaclear volume was 337,079 contracts, up 78% month-on-month and more than 6 times the volume a year earlier.

SGX Rubber futures contract, which is the world’s benchmark for physical rubber pricing, hit record volume with a total of 46,697 contracts traded, a 52% increase month-on-month and 19% up year-on-year.

Iron ore derivatives (cleared swaps, futures and options) hit new record monthly volumes with 323,863 contracts traded, a 82% increase month-on-month and approximately seven times higher year-on-year. Volume growth was driven by a strong rise in the use of options in the face of significant price volatility.