SGX trading volume reaches four-year peak on retail surge

Average daily turnover rose 16% to S$1.53b in 1QFY26.

Singapore Exchange (SGX) posted its highest quarterly securities trading activity in four years, supported by a surge in retail participation and renewed small- and mid-cap momentum.

The exchange’s average daily trading value rose 16% quarter-on-quarter (QoQ) to $1.53b in 1QFY2026, the strongest level since Q3 FY2021. Retail activity climbed to a four-year high, whilst trading value in small- and mid-cap stocks jumped 88%. Institutional inflows have totalled $511m since February.

Total securities turnover in September reached $33.3b, up 10% year-on-year (YoY). IPO fundraising also strengthened, with nine listings raising $2.2b, the highest quarterly proceeds since 2017.

Derivatives trading improved as daily average volume rose 11% QoQ to 1.34 million contracts, led by demand for China-related foreign exchange, commodities, and equity products.

Analysts expect derivatives and securities volumes to remain firm into year-end, supported by higher cross-border volatility and new initiatives under the Equity Market Development Programme.