SGX securities turnover soars 72% to $44.6b in June

SDAV increased 72% to $2.1b.

SGX Group reported stronger trading activity in June, with gains across its securities, derivatives, exchange-traded funds (ETFs), foreign exchange (FX), and commodities businesses.

Securities market turnover value rose 72% year on year (YoY) to $44.6b, whilst securities daily average value (SDAV) increased 72% to $2.1b.

For July 2025 to June 2026 (FY2026), securities turnover climbed 35% YoY to $455.7b, with SDAV rising 35% to $1.8b, the highest in 18 years.

Derivatives volume increased 31% YoY to 34.3 million contracts in June, whilst daily average volume rose 27% to 1.6 million contracts. For FY2026, total derivatives volume grew 15% YoY to 363.5 million contracts, with daily average volume up 14% to about 1.5 million contracts.

The Straits Times Index (STI) extended its rally, reaching an all-time high of 5,218.96 on 25 June. The benchmark index ended the month 30.4% higher YoY at 5,170.65, delivering a 36.4% total return over the past 12 months.

Cash equities activity strengthened across STI constituents, small- and mid-cap stocks, and REITs. Retail SDAV rose 52% YoY in FY2026 to its highest level in 12 years, whilst retail investors remained net buyers for five consecutive months through June, bringing cumulative FY2026 net inflows to $2.4b.

Small- and mid-cap stocks also saw stronger investor interest, with SDAV rising 155% YoY to $310m, the highest since FY2014. Institutional net buying in the segment tripled to $606m, compared with $200m in FY2025.

ETF activity continued to grow, with assets under management surpassing $20.5b at the end of June.

Net inflows in the second half of FY2026 reached $2.4b, up 240% YoY, whilst ETF trading activity rose 120% YoY to $50m in SDAV.

STI ETFs exceeded $5b in combined assets, extending net inflows for a 15th consecutive month. Total inflows into STI ETFs in the second half of FY2026 increased nearly five times YoY to $916m.

SGX expanded its ETF-linked daily leverage certificate offering with the launch of Gold and Silver DLCs on 23 June. The products recorded $534,171 in turnover during their first week of trading.

On derivatives linked to global equities, SGX launched Micro Nikkei 225 Index Futures on 22 June, providing investors with more capital-efficient access to Japanese equities.

GIFT Nifty 50 Index futures recorded continued growth, with monthly daily average volume exceeding 100,000 lots for the fourth consecutive month. Month-end open interest reached a record 297,572 lots, equivalent to $18.4b (US$14.2b) in notional value.

SGX FTSE China A50 Index Futures also posted a record half-yearly daily average volume of 529,130 lots in the second half of FY2026, supported by trading around policy announcements, economic data and geopolitical developments.

Uncertainty surrounding Asian currency valuations and global interest rate expectations supported increased demand for currency risk management tools. USD/CNH FX Futures average open interest rose 23% YoY in June to $28.3b (US$21.9b), whilst daily average volume reached $31.4b (US$24.3b).

INR/USD FX Futures volume increased 50% YoY to 186,496 lots, whilst KRW/USD FX Futures volume rose 83% YoY to 55,453 lots $1.17b (US$907m notional). Total FX futures volume in FY2026 increased 31% YoY to 96.3 million contracts.

Commodity derivatives recorded a record year, with total volume rising 21% YoY to 78.8 million lots. Average open interest increased 24% YoY to a record 4.2 million lots, driven by stronger hedging activity across iron ore, freight, petrochemicals and dairy contracts.