SGX Commodities Volumes Rise In April

Singapore Exchange (SGX) today said commodities trading and clearing activities grew in April from a year earlier. Securities activities increased from March but were down year on year. Derivatives volumes were lower month on month and year on year.

Securities

• Total traded value fell 17% from a year earlier to $25.8 billion but was up 8% from March. Daily average value traded fell 13% year on year to $1.2 billion but grew 8% month on month. April 2014 had 21 trading days, one less than a year earlier.

• Two IPOs raising a total of $443 million occurred in April compared with one IPO raising $4 million a year earlier.

• There were 56 new bond listings raising $24.9 billion compared with 45 raising $26.5 billion a year earlier. The biggest bond listing was Sumitomo Mitsui Financial Group’s US$1.75 billion 10-year bond. Foreign issuers accounted for 75% of new bond listings and 84% of new listings were in currencies other than the Singapore dollar. Outstanding bonds listed on SGX totalled 1,674, up 19% from a year earlier.

Derivatives

• Total volume was 8.5 million contracts in April, down 13% year on year and 10% lower from March.

• Total open interest of 3.3 million contracts as at end-April was up 3% from a year earlier.

• The China A50 futures was the most active contract with 2.1 million contracts traded, up 36% year on year. Volume of the India Nifty futures was 1.5 million contracts, up 12%.

• Volume of the Nikkei 225 futures fell 54% to 1.8 million contracts year on year while volume of the MSCI Taiwan futures slid 2% to 1.5 million contracts.

• Volume of cleared over-the-counter interest rate swaps fell 4% to $6.7 billion.