SGX's market figures close mixed in August

The securities market plummeted 27% to $20.6b.

Figures for August 2016 saw mixed results for SGX’s securities, derivatives, and commodities markets. Most were declines, however, as securities and commodities plunged during the month.

Despite new listings, the total securities market dropped 2% MoM and 27% YoY to $20.6 billion, during 22 trading days compared to 20 in July 2016 and 19 August 2015.

Securities daily average value (SDAV) went down 11% MoM and 37% YoY to $936 million, while market turnover value of Exchange Traded Funds (ETFs) was S$207 million, a 25% MoM decrease and 33% slump on a full year basis.

“Total market capitalisation value of 767 listed companies stood at S$909.7 billion as at end August 2016,” SGX revealed.

Commodities derivatives volume also dipped 8% MoM and 59% YoY to 1.2 million, with iron ore derivatives and forward freight derivatives sliding 7% MoM to 1.1 million and 19% MoM to 29,472 respectively.

“SICOM Rubber Futures volume, the world’s price benchmark for physical rubber, was 97,484, down 22% MoM and up 62% YoY,” SGX said.

Total derivatives volume was the only gainer for the month at 13.8 million or 7% higher than the previous month’s. However, this is still a 27% slump compared to the same month a year ago.

“FTSE China A50 Index Futures remained the most active contract with volume of 6.0 million, up 19% month on month and down 29% year on year. SGX Nifty 50 Index Futures volume was 1.8 million, up 19% month on month and down 8% year on year,” the bourse reported.