SGX securities turnover up 27% in July

SDAV also rose 27% YoY to $1.47b.

Singapore Exchange (SGX Group) reported a 27% year-on-year (YoY) increase in securities market turnover for July to $33.8b, marking the highest monthly turnover in three months.

Daily average value (SDAV) rose 27% YoY to $1.47b.

The Straits Times Index (STI) advanced 5.3% month-on-month (MoM) to 4,173.77, hitting a record high of 4,273 on July 24, outperforming most ASEAN peers.

Small- and mid-cap stocks saw a surge in liquidity, up 94% MoM to $261m. The FTSE ST Small Cap and Mid Cap indices rose 9.9% and 6.7% MoM respectively. Retail investors led growth, while institutions net-purchased $62m in small- and mid-caps for the sixth straight month.

New listings included NTT DC REIT, Info-Tech Systems Ltd., China Medical System Holdings’ secondary listing, and Lum Chang Creations Limited on Catalist.

ETF turnover grew strongly with the addition of the Amova E Fund ChiNext Index ETF under the SZSE-SGX link. Total ETF assets under management (AUM) rose 36% YoY to $14.9b. Combined AUM of the two STI-tracking ETFs surpassed $3b.

SGX derivatives volume increased 25% YoY to 29.3 million contracts in July. MSCI Singapore Index Futures daily average volume rose 16% MoM to 48,137 contracts, with open interest hitting a record $7.1b.

Commodities traded volume surged 76% YoY to 9 million contracts, an all-time high. Iron ore and freight derivatives saw record volumes and open interest.

FX futures volumes climbed, with INR/USD contracts up 41% YoY to 2.2 million and USD/CNH up 7% YoY to 3.1 million amid trade and currency volatility.