SGX’s Turnover Pointed Lower in April, FX Sees YoY Growth

Turnover was sluggish in April, influenced by a lighter trading schedule.

The Singapore Exchange (SGX) has released its monthly volumes across its derivatives and commodities business for April 2017, which pared last month’s strong growth, incurring a month-over-month decline that was largely attributed to a shortened trading schedule.

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Despite seeing its volumes rise on a month-over-month basis, SGX’s turnover managed to depart from a recent trend that held its volumes in a tight consolidation throughout Q1 2017. April 2017 also only featured 19 trading days, relative to 23 in March.

In terms of SGX’s latest turnover figures however, the group reported its securities volumes at $15.4 billion (S$21.6 billion) in April 2017, down -25.8 percent month-over-month from $20.7 billion (S$29.1 billion) in March 2017. The latest figures did indicate a higher performance over a yearly timeframe, relating to a growth of 2.0 percent year-over-year from April 2016.

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Moreover, the SGX’s daily average value of trading in the month of April 2017 yielded $810.0 million (S$1.14 billion), falling by a factor of -10.2 percent month-over-month from $900.0 million (S$1.27 million) in March 2017, its second monthly decline. Average daily values of trading were higher by a 13.0 percent year-over-year from April 2016.

SGX’s total market capitalization during April 2017 climbed to $710.0 billion (S$1.0 trillion), unchanged month-over-month from $710.0 billion (S$1.0 trillion) in March 2017. This figure encompassed the total market cap for all 752 listed companies on the SGX, losing one listing since the previous month.

FX Mixed on MoM and YoY Basis

SGX snapped a recent upward trend in its derivatives business, having now declined to 13.6 million contracts traded, vs. 15.7 million contracts in February 2017, or -13.4 percent lower month-over-month. This was also lower though when measured against 2016, having retreated by -9.0 percent year-over-year from April 2016.

Finally, SGX’s total FX futures were reported at 575,660 contracts in April 2017, retreating by -22.7 percent month-over-month from 744,327 contracts in March 2017. Additionally, FX futures also were able to notch an advance of 52.0 percent year-over-year from April 2016.

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