SGX securities trading dried up in December

Double-digit dips across the board from turnover to daily average value traded.

Derivatives, commodities and clearing activities rallied though, posting gains from year-ago levels.

According to SGX, "Securities turnover fell 41% to $17 billion while securities daily average value traded was 36% lower at $794 million. Exchange traded fund turnover declined 18% to $640 million."

"Derivatives volume was up 6% at 5.1 million contracts while daily average volume increased 8% to 241,783 contracts. China A50 futures trading more than doubled to 342,825 contracts, Nifty futures activity rose 28% to 1.1 million contracts and MSCI Taiwan futures volume was 8% up at 1.2 million contracts," it said.

"Trading of agricultural commodity futures rose 6% to 17,263 contracts as participation in SICOM rubber futures continued to grow. Volume of OTC commodity contracts cleared was 8% up at 12,369 contracts; clearing of iron ore swaps was over three times that of a year earlier at 7,453 contracts. OTC interest rate swaps cleared totalled a notional $186 billion since the November 2010 launch of the service; volume cleared in December was $1.3 billion, down 68%," SGX added.

"Fixed Income - Bond listings totalled $8.3 billion, up 49%. The biggest listings were KDDI Corporation’s 190-billion-yen 2015 convertible bond, Tencent Holdings’ US$600 million 2016 senior note and Hana Bank’s US$500 million 2017 note," it said further.

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Tags: SGX, Singapore Exchange, SGX securities, derivatives, commodities, clearing