SGX securities trading value up 27% in September as derivatives volume rebounds
Securities daily average value dips on month to S$1.9 billion with STI easing 1%
The Singapore Exchange (SGX) reported a significant 27 percent increase in securities trading value on a year-to-year basis in September, reaching S$1.9 billion. The daily average value dropped 11 percent month on month to the same figure. Total securities market turnover for the month increased 27 percent year on year to S$42.2 billion, while the STI eased by 1 percent.
Despite a 2.5 percent decline from August, overall derivatives activity rebounded, with traded volume rising 10 percent month on month to 29.8 million contracts. However, it was down 2 percent year on year. SGX STI Futures exhibited strong momentum, with volume more than doubling to 75,477 contracts. Foreign exchange derivatives, particularly Chinese renminbi, Indian rupee, and Korean won contracts, saw accelerated growth, with traded volumes rising 53 percent year on year for SGX USD/CNH FX Futures and 59 percent for SGX INR/USD FX Futures.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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