SGX trading momentum picked up in May

Total securities trading value rose by 12% last month.

The Singapore Exchange (SGX) continued its upward momentum in May, according to the latest report from RHB, with total securities trading value rising by 12% month-on-month to $30b.

Securities average daily value grew by 24% month-on-month, while total contracts traded increased to $18m or 3% month-on-month.

Multiple news reports also indicate that US-listed tech companies are planning secondary listings in SGX, whilst SEA, Razer and Grab are already exploring such options.

RHB called the SGX a regional Environmental, Social, and Governance (ESG) leader, citing SGX’s pioneering of ESG derivatives early this year and recent launch of ESG REIT derivatives.

It expects its earnings for the next two financial years to grow by 6% and 3%.