Categorized | Singapore Trading News

Securities turnover on SGX down 3% in July

Securities turnover on the Singapore Exchange (SGX) fell 3 per cent in July to S$29.3 billion compared to a year ago.

In its monthly statistical report, SGX said this translated to an average of S$1.4 billion for securities traded daily.

The biggest decline in volume trading was in the healthcare sector, which fell 72 per cent to 309 million shares valued at S$244 million.

Financials and industrials came next with their share volumes declining 25 per cent and 13 per cent respectively.

However, despite the fall in volumes, the two sectors still led in terms of value, with financials leading at S$7.8 billion and industrials posting S$4.7 billion in July.

Oil and gas saw the biggest trading gain last month, rising 52 per cent to 1.5 billion shares valued at S$2.9 billion.

Meanwhile, trading volume for structured warrants increased 84 per cent on-year to 3.4 million units last month.

For derivatives, SGX said total volume increased 15 per cent on-year to 5.2 million contracts. On average, there were 252,751 contracts traded daily in July.

Nifty futures led the volume gain, growing 52 per cent from a year ago with 1.2 million contracts traded.

The monthly report said that volumes for agricultural commodity futures also grew a marginal 3 per cent on-year to 21,409 contracts after the consolidation of SICOM contracts onto the SGX platform.

More OTC commodity contracts were also traded in July as the volume inched 5 per cent higher from a year ago to 19,812 contracts.

All in, SGX also cleared some S$32 billion worth of OTC Interest Rate Swaps last month, which brings the total amount cleared at S$142 billion notional since its launch.

Adapted from CNA (By Millet Enriquez)

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