SGX securities crashed 44% to $22.5b

Derivatives volume also dipped 7%.

In a release, Singapore Exchange (SGX) today said securities and derivatives trading volumes declined while its clearing activities grew in January.

Total value of securities traded was $22.5 billion, down 44% from $40.1 billion last year; daily average value declined to $1.1 billion from $1.8 billion.

A total of 44 bonds were listed, raising $23.8 billion, an increase of 18% year-on-year. The biggest debts listed were 2 Indonesian sovereign bond issues, namely the US$2 billion 5.875% Notes due 2024 and US$2 billion 6.75% Notes due 2044.

There were 5 new IPOs in January raising $412 million, compared with $10 million raised from 1 IPO in January 2013.

Derivatives volume declined 7% year-on-year to 8.8 million contracts. Open interest at end-January rose 6% from a year earlier to 3.1 million contracts.

China A50 futures volume rose 21% to 2.4 million contracts, MSCI Taiwan futures trading declined 14% to 1.4 million contracts while Nikkei 225 futures trading was down 29% to 2.4 million contracts. The MSCI Indonesia futures volume more than doubled to 23,916 contracts.

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