Whilst securities turnover at the Singapore Exchange (SGX) improved 2% in July from June, the total traded value of S$21 billion was still 24% down from July 2013.
July’s daily average value was down 20% to S$ 954 million year-on- year.
In SGX’s IPO market, 6 IPOs raised S$508 million in July, compared with 8 listings which raised S$1.5 billion one year earlier.
As we reported at the beginning of the month, for the most recent financial year that ended on 30 June, SGX’s securities business dragged on its other activities. Revenue from securities fell 18% to $226.9 million. The total traded value of securities at SGX was 22% lower at S$286.3 billion and the daily average traded value decreased 23% to S$1.14 billion.
Total derivatives volume was unchanged at 8.9 million contracts in July from a year earlier and was up 3% month on month.
China A50 futures was the most active contract in July, with 3.2 million contracts traded, up 85% from a year earlier. Nikkei 225 futures volume was down 45% at 1.5 million contracts.
Total commodities (OTC and futures) volume totalled 211,537 contracts, double the level of a year earlier. The level traded of iron ore contracts was 157,673 contracts, three times the volume of a year earlier.