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TOTAL securities market turnover value on the Singapore Exchange (SGX) increased 16 per cent year on year to S$26.7 billion in May, according to the exchange’s monthly market statistics report released on Friday (June 7).
This is a 4.8 per cent rise from April’s S$25.5 billion.
However, total market turnover volume fell 12 per cent year on year, and 27 per cent month on month, to 27.3 billion shares in May.
The month of April this year recorded 37.1 billion shares while last year’s May had 30.8 billion shares.
Notably, securities daily average value increased 22 per cent year on year to S$1.3 billion – the highest in a year – from S$1 billion in May last year.
This comes amid robust activity around corporate earnings and MSCI’s quarterly rebalancing, SGX said.
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The exchange added that Singapore Depository Receipts drew the largest monthly net inflows from retail investors since their inception a year ago, with total retail assets under management rising 23 per cent from the previous month.
Derivatives traded volume increased 17 per cent year on year in May to 23.9 million contracts, while daily average volume climbed 16 per cent on year to 1.1 million contracts.
SGX said that open interest across key equity, foreign exchange (forex) and commodity derivatives also rose to record highs, amid China’s introduction of fiscal stimulus measures and India’s general elections.
Open interest in SGX’s FTSE China A50 Index Futures climbed 13 per cent month on month to 989,403 contracts, or a notional US$12 billion – the highest since January last year.
The bourse regulator added that on the forex front, month-end open interest in its USD/CNH FX Futures – the most widely traded international renminbi futures – rose 14 per cent from the previous month to a record 202,773 lots.
Open interest in its INR/USD FX Futures also increased to a record 291,656 lots, or a notional US$7 billion, on May 28.
This comes on the back of inflows into Indian equities as the country’s major indices climbed to record highs.
On the commodity derivatives front, open interest in benchmark iron ore derivatives – a leading macro proxy for Asia’s growth – grew to a record 270 million metric tonnes for the month. They hit a single-day high of 330 million metric tonnes on May 30, said SGX.
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