SGX Group (Singapore Exchange) delivered strong performance in February 2026, with securities daily average value (SDAV) rising 45% year-on-year (y-o-y) to S$2.1 billion – its highest level since 2020 – as total securities market turnover increased 30% y-o-y to S$38.5 billion.
Derivatives trading activity remained resilient as risk-management needs intensified across selected Asian markets and asset classes. Derivatives daily average volume (DAV) gained 22% y-o-y to 1.66 million contracts, contributing to overall derivatives traded volume of 27.1 million contracts, up 6% y-o-y despite fewer trading days due to the Lunar New Year holidays.
Key highlights:
- Higher turnover in all stock segments: Turnover of the Straits Times Index (STI) rose 38% y-o-y to S$1.42 billion, while small‑ and mid‑cap turnover soared 135% y-o-y on sustained institutional demand. Retail daily turnover jumped 45% y-o-y to its highest level in 13 years. The STI advanced 2% m-o-m in February and was up 8% for the year. Crossing the 5,000‑point threshold, the STI reached an all‑time high of 5,041 on 23 February, supported by broad‑based strength across real estate and industrials.
- ETF trading accelerates: ETF monthly turnover surged 172% y-o-y to S$1.1 billion in February, driven by net inflows of S$643 million – the highest level since December 2024. Investments in ETFs by Supplementary Retirement Scheme (SRS) holders exceeded S$1 billion for the first time, reflecting growing adoption of ETFs for long-term investing.
- Singapore index futures gain traction: In line with the pickup in the Singapore stock market, SGX MSCI Singapore Index Futures gained momentum in February, with DAV rising 25% m-o-m and total monthly volume reaching 1.0 million contracts. Total monthly notional traded value hit a record S$49 billion, boosted by institutional flows and position-taking around earnings announcements by index heavyweights.
- Robust participation in FTSE Taiwan suite: Trading in SGX FTSE Taiwan Index Futures and SGX Micro FTSE Taiwan Index Futures increased in February, with combined notional traded value growing 170% y-o-y to US$13.3 billion, fueled by AI-driven tech momentum. Activity peaked on 23 February with daily volume of the full-sized contract reaching 304,000 lots, supported by Lunar New Year roll flows and increase in activity by onshore Taiwan participants. With the Taiwan onshore market closed from 12-20 February for the Lunar New Year holidays, SGX Derivatives’ FTSE Taiwan suite captured 98% of international liquidity.
- Strong FX futures activity spanning key contracts: SGX USD/CNH FX Futures posted a record DAV of US$24 billion and month-end open interest of US$27.1 billion as risk management continued during the Lunar New Year period when onshore markets were closed. SGX INR/USD FX Futures saw a peak single-day volume of US$7 billion on 3 February, reflecting repositioning and hedging flows following policy and trade-related headlines. Amid active hedging tied to moves in Korean equities, SGX KRW/USD Mini Futures set a new DAV record of US$713 million, up 43% m-o-m. Meanwhile, SGX TWD/USD FX Futures posted a DAV high of US$378 million, up 35% m-o-m, with month-end open interest rising 28% to US$26 million, on the back of growing interest in regional technology and semiconductor supply-chain themes.
- Broader participation across SGX Commodities: Commodities traded volume rose 5% y-o-y to 5.28 million contracts for the month, anchored by iron ore derivatives whose traded volume climbed 7% y-o-y to 4.69 million contracts. Its petrochemicals suite cleared 3 million metric tonnes, up 6% y-o-y, with average monthly open interest reaching a record 5.7 million metric tonnes as client adoption and hedging needs strengthened. Whole Milk Powder options recorded a single-day open interest of 44,185 lots on 27 February, reflecting higher use of options amid uncertain dairy price movements.
The full market statistics report can be found here.
