[SINGAPORE] The Singapore Exchange Group (SGX Group) reported a three-month high in the trading value and volumes of its key products in July, as the local bourse started its 2026 financial year on an upward trajectory.
Total securities turnover value rose 27 per cent year on year in July, to S$33.8 billion, said the group in a bourse filing on Monday (Aug 11). The jump was driven by a surge in small and mid-cap stocks liquidity, which surged 94 per cent month on month to S$261 million.
Some 38.9 billion shares were traded in July, surging 44 per cent from about 27 billion in July 2024.
The volume of derivatives also rose, up 25 per cent year on year to 29.3 million contracts. The daily average volume was up 23 per cent at 1.3 million contracts.
The advances in derivatives volume and securities turnover came as “market activity reflected investor confidence across multiple asset classes”, SGX said.
The benchmark Straits Times Index (STI) rose 5.3 per cent month on month in July to 4,137.77 and closed at a record high of 4,273 on Jul 24. It outperformed most Asean peers.
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Despite the high, the FTSE ST Small Cap Index and the FTSE ST Mid Cap index outperformed the STI, gaining 9.9 and 6.7 per cent month on month, respectively.
SGX shares are up 27 per cent year to date, having gained 3 per cent across the month before Monday’s announcement.
The STI has dipped slightly since the end of July, but nearly reached a new high after closing at 4,258.15 last Thursday.
Listings joy
Listings gained momentum in July, as NTT DC Reit and Info-Tech Systems joined the mainboard, while China Medical System marked a secondary listing. Lum Chang Creations, a spin-off from mainboard-listed Lum Chang Holdings, debuted on the Catalist board.
The first exchange-traded fund (ETF) to track the ChiNext Index through a Singdollar-hedged fund class launched on the SGX in July. Total ETF assets under management grew 36 per cent on-year to S$14.9 billion, said the SGX Group.
Singapore equities enjoyed a sustained upward trend in July, as the MSCI Singapore Index extended its rally for a third straight month. The daily average volume of SGX MSCI Singapore Index Futures rose 16 per cent to 48,137 contracts or US$1.6 billion notional value.
The traded volume for commodities surged 76 per cent year on year to an all-time high of nine million contracts, with increases across benchmark iron ore and freight derivatives, as well as petrochemicals contracts.
“The unique SGX Commodities offering enables market participants to risk-manage both cargo and freight on a single liquid and capital-efficient platform,” said the group.
Global volatility around India and US trade negotiations also saw SGX INR/USD foreign exchange futures traded volume rise 41 per cent year on year to 2.2 million contracts. Meanwhile, the heightened trade volatility also led to the USD/CNH forex futures volume climbing 7 per cent year on year to 3.1 million contracts, as the Chinese yuan reached an eight-month high against the US dollar.
The counter closed S$0.09 or 0.6 per cent lower at S$15.93 on Monday, after the announcement.
