SGX daily average value up 2% to $1.05b in April

Total derivatives traded volume rose 37% YoY to 20.8 million contracts.

Securities daily average value (SDAV) in the Singapore Exchange (SGX) gained 2% MoM to $1.05b during April, whilst market turnover value for Exchange Traded Funds (ETFs) rose 44% to $195m, according to an announcement. Assets under management for STI Exchange Traded Funds (ETFs) reached a milestone in April as fund size exceeded $1b.

Total derivatives traded volume rose 37% YoY to 20.8 million contracts, as global demand for risk management across asset classes continued. Total securities market turnover by volume was up 7% MoM to 22.9 billion shares, driven largely by real estate and consumer sectors.

The local bourse also noted that overall commodity derivatives volume increased 64% YoY, with volumes of iron ore and freight derivatives up 73% and 53% YoY, respectively.

Amidst swings across regional equity markets, the Singapore stock market was the best performing market globally in April. The Straits Times Index (STI) surpassed the 3,400 mark, generating 6.1% increase in total returns, propelled by Banks (+10.8%) and Utilities (+6.6%) sectors.

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