OREANDA-NEWS. June 05, 2015. Singapore Exchange (SGX) reported growth in derivatives and commodities activities in May from a year earlier but securities trading declined.

Securities

  • Securities turnover was \\$23.0 billion, down 2% year on year and 13% month on month. Daily average value of trading was \\$1.1 billion, down 2% year on year and 9% month on month. May had 20 trading days while April had 21.
  • Total market capitalisation was \\$1.05 trillion, up 3% from a year earlier and unchanged month on month.
  • A total 38 bonds raising \\$14.6 billion were listed in May, including the \\$500 million retail bond from Frasers Centrepoint Limited. The biggest bond listed was Perusahaan Penerbit SBSN Indonesia’s US\\$2 billion trust certificate.

Derivatives

  • Derivatives volume was 15.4 million contracts, up 89% from a year earlier but down 4% month on month.  Equity index futures volume more than doubled year on year to 14.1 million contracts but was 4% lower from April.
  • The FTSE China A50 futures was the most active contract, achieving record average daily volume of 450,899 contracts. Total volume for the contract more than tripled to 9 million contracts from a year earlier.
  • The CNX Nifty futures achieved volume of 1.8 million contracts, up 2% year on year while the volume of the Nikkei 225 futures was 1.4 million contracts, down 6% year on year.
  • The INR/USD futures was the most active among FX futures with record volume of 253,296 contracts.
  • Volume of cleared OTC Interest Rate Swaps was \\$4.0 billion, down 41% year-on-year and 70% month-on-month.

Commodities

  • Volume of traded or cleared commodities totalled 581,476 contracts, more than double that of a year earlier but 10% lower month on month.
  • Volume of iron ore derivatives more than doubled to 497,611 contracts from a year earlier but was 12% down from April.
  • Volume of SICOM rubber futures, the world’s price benchmark for physical rubber, doubled to 68,469 contracts year on year and grew 32% month on month.