SGX Group (Singapore Exchange) today reported robust trading activity in July, extending its FY2026 performance to mark a strong start to FY2027 as momentum built across its securities and derivatives markets.
Securities market turnover rose 37% year-on-year (y-o-y) in July to S$46.2 billion, with securities daily average value (SDAV) similarly up 37% y-o-y to surpass S$2 billion for a sixth consecutive month. Derivatives traded volume climbed 16% y-o-y to 33.9 million contracts, while derivatives daily average volume (DAV) also gained 16% y-o-y to about 1.5 million contracts.
Key highlights:
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STI extends rally: The Straits Times Index (STI) advanced 8.9% in July to 5,628.5 – its biggest month-on-month (m-o-m) increase in more than five years – supported by a global rotation out of technology into defensive financials. Year-to-date (YTD), the benchmark returned 21% on a price-return basis, outperforming ASEAN peers in SGD terms. Cash equities SDAV gained across all investor segments, led by institutional investors with 38% y-o-y growth. Retail investors were net buyers for a sixth straight month, with net inflows up 92% m-o-m at S$545.2 million, primarily in small- and mid-cap stocks. STI exchange-traded funds (ETF) recorded their 17th consecutive month of net inflows in July, bringing cumulative inflows to S$1.6 billion and lifting assets-under-management by 89% y-o-y to S$5.6 billion.
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Broadening investor access to global companies: SGX Stock Exchange on 22 July launched three new U.S. Singapore Depository Receipts (SDR) for Grab, Sea and SpaceX, enabling investors to trade global companies in SGD during Asian hours. With this expansion, the SDR suite now comprises 38 names across U.S., Thailand, Hong Kong and Indonesia underlyings. Separately, a 3x Long daily leverage certificate (DLC) on SpaceX was introduced on 17 July, in a month that saw daily average DLC turnover jump 79% y-o-y, showing sustained interest in leveraged and inverse trading strategies.
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Mainboard listings grow: The SGX Mainboard welcomed several new issuers in July. Ambiq Micro, Inc., a technology leader in ultra-low-power semiconductor solutions for edge AI, completed a secondary listing on 30 July. Electrical-infrastructure solutions and service provider EGP Energy Corporation Limited joined on 29 July and Foundation Healthcare Holdings Limited, Singapore’s largest private multi-specialty healthcare platform, on 8 July.
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China A50 leads equity derivatives volume growth: Total equity futures volume climbed 34% y-o-y in July to 18.5 million contracts, the highest since October 2024. Gains were led by SGX FTSE China A50 Index Futures – the world’s most liquid international futures for Chinese equities – with volume rising 41% y-o-y to 12.9 million contracts. There were also double-digit y-o-y volume increases across SGX contracts tracking the benchmark equity indices of Japan, India, Taiwan and Singapore. During the month, SGX Nikkei 225 End-of-Day Weekly Options were launched, offering institutions greater precision and flexibility for managing short-dated exposures.
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KRW, TWD among top FX futures movers: Mixed economic signals in the U.S. drove hedging in SGX’s listed currency markets, with total FX futures traded volume rising 54% y-o-y in July to 9.3 million contracts. Beyond strong y-o-y volume growth across key CNH and INR contracts, DAV of SGX KRW/USD FX Futures surged 182% y-o-y to 54,453 lots, while daily average open interest (OI) in SGX TWD/USD FX Futures climbed 84.6% m-o-m to a notional US$41.3 million.
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Best-ever July for rubber, petrochemicals: SGX Commodities reported its strongest-ever July for petrochemicals and SGX SICOM rubber derivatives. The volume of petrochemical contracts including benzene and naphtha rose 51% y-o-y, while rubber futures and options volume climbed 2% y-o-y to 316,485 contracts. Across all commodity derivatives, YTD average OI gained 18% y-o-y while YTD DAV increased 5% y-o-y.
The full market statistics report can be found here.
