Trading on the Singapore Exchange (SGX) in October shifted to higher priced stocks, driven by the entry of two mega initial public offerings (IPOs).
This was reflected by a 17.8 percent increase in trading volume to $44.79 billion from $38.03 billion in September, in spite of a 7.2 percent decline in trading volume from 45.35 billion shares to 42.09 billion shares.
The securities daily average value also saw a 17.8 percent growth from $1.8 billion in September to a 17-month high of $2.13 billion last month, despite a 7.2 percent drop in securities daily average volume to 2 billion shares.
Listed securities saw an increase in total market capitalisation to $887.26 billion in October from $855.7 billion in September. The growth was partly attributed to the addition of Mapletree Industrial Trust and Global Logistic Properties whose market caps hit $1.57 billion and $10.46 billion respectively as of end-October.
Exchange traded fund (ETF) turnover also doubled to 953 million in October from $478 million in September, as volumes traded leapt to 70 million shares from 47 million shares.
The derivatives market traded an average daily volume of 259,109 contracts last month, slightly less than the 265,900 contracts traded in September but 24 percent more than in 2009.
The Nikkei 225 Index Options and FTSE Xinhua A50 Futures “experienced renewed investor interest”, said SGX.
The FTSE Xinhua China A50 Index futures recorded its second consecutive record-high monthly volume, with 143,061 contracts traded and open interest of 21,102 contracts. “The contract drew global investors as it is the only offshore futures contract on the China A-share market,” said SGX.
The Nikkei 225 Index Options reached a volume of 183,734 contracts last month, six times higher than in September and 34 times higher than October 2009.
AsiaClear volume surged to 17,873 contracts last month from 12,310 contracts in the previous month and only 7,399 contracts in 2009.
SGX has been named ‘Derivatives Exchange of the Year’ by Asia Risk magazine, while AsiaClear was named ‘Exchange of the Year’ by Energy Risk magazine.
These awards are in recognition of its innovative products and services, said SGX.