SGX Commodities Volume Grow In May

Singapore Exchange (SGX) today said its commodities volume grew in May while its securities and derivatives activities declined.

Securities

Total value of securities traded was $23.4 billion, down 38% year on year and down 9% month on month; daily average value declined to $1.2 billion.
There were 2 IPOs in May. One was a secondary listing while the other was a reverse takeover which raised $16.8 million. In May 2013, there were 4 IPOs raising $1.8 billion.
A total of 41 new bonds were listed, raising $17 billion compared to 50 raising $21.9 billion a year earlier. The biggest bond listing was PT Perusahaan Gas Negara (Persero) TBK’s US$1.35 billion 10-year bond. Foreign issuers and currencies accounted for 73% of new bond listings. Outstanding bonds listed on SGX totalled 1,707, which is 18% higher from a year earlier.

Derivatives

Derivatives volume declined to 8.1 million contracts, down 26% year on year and down 4% month on month.
Total open interest as at end-May was 3.3 million contracts, down 8% from a year earlier.
The China A50 futures was the most active contract with 2.0 million contracts traded, up 23% from a year earlier. Volume of India Nifty futures was 1.8 million contracts, up 30% year on year.
Volume of Nikkei 225 futures fell 68% to 1.5 million contracts year on year while volume of MSCI Taiwan futures declined 10% to 1.4 million contracts.
Volume of new over-the-counter (OTC) Singapore dollar interest rate swaps cleared was $6.7 billion, flat year-on-year and month-on-month.
Volume of OTC non-deliverable interest rate swaps in Malaysian Ringgit and Thai Baht cleared was US$3.1 billion since its launch on 7 April 2014.

Commodities

Volume of iron ore swaps, futures and options cleared more than quadrupled year on year to a record of 214,534 contracts. The volume of SGX AsiaClear iron ore futures saw a record 142,580 contracts since its launch in April last year. Open interest also reached a monthly record of 166,657 contracts as at end-May.
Rubber futures volume was down 4% from a year earlier to 33,215 contracts.