SGX derivatives daily trading volume hits six-month high in October; securities turnover rises 32%

Résumé détaillé

The stronger trading activity comes amid a broad market correction during the month

The stronger trading activity comes amid a broad market correction during the month

[SINGAPORE] The Singapore Exchange’s (SGX) derivatives daily average trading volume reached a six-month high in October, as heightened market volatility drove demand for risk management.

Derivatives daily average volume rose 8 per cent year on year and 17 per cent month on month to 1.6 million contracts, its highest level since April, the bourse operator said on Thursday (Nov 12).

Total derivatives traded volume increased 6 per cent year on year and 5 per cent month on month to 31.4 million contracts, up from 29.8 million contracts in September.

Meanwhile, securities market turnover climbed 32 per cent year on year and 6 per cent month on month to S$44.8 billion across 22 trading days.

Securities daily average value rose at the same rates to S$2 billion, driven by stronger trading activity in index stocks and real estate investment trusts.

Shares of SGX were down 0.2 per cent at S$20.70 on Thursday as at 10.28 am, after the announcement.

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The stronger trading activity came amid a broad market correction in October, led by a sell-off in technology stocks. The benchmark Straits Times Index (STI) declined about 5 per cent over the month, while the technology sector was the worst performer, plunging 17.3 per cent.

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