SGX’s November securities turnover value up 18%, driven by index stocks and Reits

The trading value and volume of securities on the Singapore Exchange (SGX) rose in November, driven by interest in index stocks and real estate investment trusts (Reits).

The bourse operator on Wednesday (Dec 10) said total securities market turnover value rose 18 per cent year on year to S$35.5 billion. Total market turnover volume, meanwhile, increased 4 per cent to 29.3 billion shares over the same time frame.

SGX said the increase was driven by index stocks and Reits, with retail investors “particularly keen” on the latter.

The Straits Times Index (STI) gained 2.2 per cent month on month, bringing its year-to-date gains to 19 per cent and total returns to 25 per cent. SGX noted this surpassed the performance of “most other Asean markets”.

The STI reached a new peak of 4,575.91 on Nov 13.

STI constituent stocks made up 83 per cent of total trading volume, with DBS being the most traded stock at 16 per cent, followed by OCBC and UOB at 8 per cent each.

SGX data showed that for November, Singapore-based companies posted an increase in turnover volume and value, in contrast to overseas companies.

Singapore companies’ turnover volume increased 47 per cent year on year to 16.1 billion shares, and value increased 22 per cent to S$28.1 billion.

For overseas companies excluding China, volume was down 26 per cent at 11.1 billion shares, though value was up 30 per cent at S$5.9 billion. China companies’ volume fell 4 per cent to 2.2 billion shares, and value dropped 39 per cent to 1.6 billion.

SEE ALSO

SGX noted that risk management helped spur trading in commodities: Commodity derivatives traded volumes were up 6 per cent year on year to 5.3 million contracts, as institutional players “kept up risk management activities amid geopolitical developments”.

The bourse operator described a “warm reception” for Bitcoin and Ethereum perpetual futures trading, which debuted on Nov 24. It added that they achieved “credible volume” in their first week of trading, with institutional trading involving both traditional finance players and cryptocurrency players.

“Activity was on an upward trend each day with an average US$100 million notional traded weekly, reflecting round-the-clock tradability,” said SGX.

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.