SGX securities turnover down 3.2% to S$27.2b in November

TOTAL securities turnover on the Singapore Exchange : S68 0% fell 3.2 per cent on the year to S$27.2 billion in November 2022, while total market turnover volume slid 13.2 per cent to 33.9 billion securities.

Month on month, the total market turnover value was 18 per cent higher, while volumes rose 17 per cent, according to SGX’s monthly market statistics report released on Monday (Dec 12).

The bourse operator noted that record foreign exchange (FX) trading activity drove derivatives volume during the month amid optimism over Asian economies and signs that the US Federal Reserve would ease interest rate hikes.

Total derivatives traded volume was up 30 per cent year on year to 23.7 million contracts, the highest amount since March 2022. The daily average volume for derivatives trading was up 26.6 per cent to 1.1 million.

Hedging activity on over-the-counter and futures marketplace SGX FX also accelerated in November on US dollar weakness, SGX noted. Meanwhile, total FX futures traded volume jumped 103.8 per cent on the year to an all-time high of four million contracts.

The securities daily average value for November stood at S$1.2 billion, down 7.6 per cent on the year and up 7.4 per cent on the month. Volumes, meanwhile, were down 17.1 per cent on the year but up 6.5 per cent month on month.

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The Straits Times Index climbed 6.4 per cent in November to 3,290.49, the strongest price performance for the benchmark since March 2021. Dividends boosted total returns to 6.9 per cent, SGX said.

Exchange-traded funds (ETF) turnover volume surged 118.8 per cent year on year to 315 million shares in November, although turnover value declined 10 per cent to S$389 million.

SGX shares were trading 0.8 per cent or S$0.07 lower at S$9.14 as at 3.57 pm on Monday.