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Singapore Exchange (SGX) saw a continued growth in commodity activities in March. Derivatives activities held steady while securities trading declined.
SECURITIES
- Securities trading declined 25% to $23.9 billion and the daily average traded value fell 29% to $1.1 billion. March had one more trading day than a year earlier.
- On a month-on-month basis, securities traded value was 14% higher in March while daily traded value was 9% up. March had one more trading day than February.
- A total of 40 bond listings raised $17.0 billion, an increase of 13% from the previous year. The largest bond issue was the US$ 1.5 billion note from Mizuho Financial Group.
FINANCIAL DERIVATIVES
- Derivatives volume was steady at 9.5 million contracts with a daily average of 463,811, compared with the previous year. On a month-on-month basis, total trading volume rose 18%.
- China A50 futures volume grew 23% to 2.5 million contracts compared to a year earlier. The Indian Nifty futures trading increased 30% to 1.5 million contracts.
- MSCI Taiwan futures trading grew 4% to 1.5 million contracts, while the volume of Nikkei 225 futures declined 29% to 2.6 million contracts.
- Volume of new OTC financial derivatives transactions cleared was S$5.5 billion, up 41% year-on-year.
COMMODITIES
- Iron ore futures volume nearly doubled to 91,086 contracts in March compared to February. Volume of cleared iron ore swaps rose 88% to 69,710 contracts year-on-year, while volume of cleared iron ore options was 14 times that of a year earlier at 9,755 contracts.
- On a year-on-year basis, SICOM rubber futures volume grew 61% to 39,649 contracts.
