Securities led the charge.
The local bourse clicked on all cylinders last January, with securities, derivatives, and commodities markets all registering steady yoy growth.
According to a press release by Singapore Exchange (SGX), total securities market turnover value increased by 36% mom but fell by 8% yoy to $23.2b, while securities daily average value also fell by 4% to $1.2b.
Meanwhile, total derivatives volume was 17.7m, up 24% mom and 21% yoy, while Equity Index Futures volume up by 17% yoy to 15.4m.
“FTSE China A50 Index Futures remained the most active contract with volume of 8.2 million, up 29% month on month and up 15% year on year. SGX CNX Nifty 50 Index Futures volume was 1.8 million, up 10% month on month and down 12% year on year,” the press release said.
Commodities derivatives volume, on the other hand, also surged by 110% yoy at 1.2m, with Iron Ore derivatives volume up by 113% to 1.1m.
“Forward Freight Derivatives volume was 46,588, up 57% month on month and up 375% year on year. SICOM Rubber Futures volume, the world’s price benchmark for physical rubber, was 72,125, up 39% month on month and up 52% year on year,” SGX said.
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