SGX’s February Volumes Rebound as Turnover Figures Rise Across the Board

FX, securities, and derivatives turnover were all higher in February.

The Singapore Exchange (SGX) has released its monthly volumes across its derivatives and commodities business for February 2017, having secured a strong growth across both segments.

The latest figures managed to snap out of a tight consolidation of volumes that had existed across SGX’s data for the past three months. Its February 2017 volumes also came during a month that was largely devoid of any major market drivers or events, with volatility lower.

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In terms of SGX’s latest turnover figures however, the group reported its securities volumes at $20.0 billion (S$28.2 billion) in February 2017, up 34.9 percent month-over-month from $14.8 billion (S$20.9 billion) in January 2017. The latest figures also indicated a higher performance over a yearly timeframe, relating to a growth of 17.0 percent year-over-year from February 2016.

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Moreover, the SGX’s daily average value of trading in the month of February 2017, comprised of a total of 20 trading days (compared to 20 in January 2017), yielded $992.0 million (S$1.40 billion million), rising by a factor of 33.0 percent month-over-month from $740.0 million (S$1.05 billion million) in January 2017 – by extension, the average daily values of trading were lower by a 11.0 percent year-over-year from February 2016.

SGX’s total market capitalization during February 2017 climbed to $692.4 billion (S$977.1 billion), good for a growth of 4.0 percent month-over-month from just $682.7 billion (S$963.0 billion) in January 2017. This figure encompassed the total market cap for all 754 listed companies on the SGX, losing four listings since the previous month.

FX Rise in Tandem with Other Segments

SGX snapped a recent downward trend in its derivatives business, which now upwards lower in February 2017. More specifically, February 2017’s volumes rose to 12.5 million contracts traded, vs. 11.7 million contracts in January 2017, or 6.6 percent higher month-over-month. This was lower though when measured against 2016, having retreated by -10 percent year-over-year from February 2016.

Finally, SGX’s total FX futures were reported at 588,331 contracts in February 2017, virtually unchanged month-over-month from 584,307 contracts in January 2017. Additionally, FX futures also were able to notch an advance of 17.0 percent year-over-year from February 2016.

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